Fidelity Real Estate Investment ETF (BATS:FPRO) Trading Up 0.4% – Here’s Why

Fidelity Real Estate Investment ETF (BATS:FPRO) was up 0.4% during mid-day trading on Friday . The stock traded as high as $25.42 and last traded at $25.31. 1,754 shares were traded during mid-day trading, a decline of 59% from the average session volume of 4,307 shares. The stock had previously closed at $25.20.

Fidelity Real Estate Investment ETF Stock Performance

The firm has a market cap of $17.08 million, a P/E ratio of 40.43 and a beta of 1.03. The stock’s 50 day simple moving average is $25.16 and its 200 day simple moving average is $24.36.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. purchased a new stake in Fidelity Real Estate Investment ETF (BATS:FPRO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned approximately 0.55% of Fidelity Real Estate Investment ETF as of its most recent filing with the Securities and Exchange Commission.

About Fidelity Real Estate Investment ETF

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.