Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) saw strong trading volume on Friday . Approximately 1,677,857 shares traded hands during trading, an increase of 401% from the previous session’s volume of 335,236 shares.The stock last traded at $29.87 and had previously closed at $29.94.
Fidelity MSCI Real Estate Index ETF Price Performance
The company has a market cap of $1.49 billion, a PE ratio of 34.96 and a beta of 0.97. The stock has a 50 day simple moving average of $29.80 and a two-hundred day simple moving average of $28.96.
Institutional Trading of Fidelity MSCI Real Estate Index ETF
Several institutional investors and hedge funds have recently bought and sold shares of FREL. SHP Wealth Management purchased a new position in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $27,000. Compass Financial Management LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the second quarter valued at about $43,000. Transamerica Financial Advisors LLC boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after buying an additional 1,094 shares during the period. Fifth Third Bancorp boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 180.3% during the first quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock worth $51,000 after buying an additional 1,210 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $80,000.
About Fidelity MSCI Real Estate Index ETF
The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.
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