Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 52-Week High – What’s Next?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week high on Tuesday . The stock traded as high as $29.50 and last traded at $27.3340, with a volume of 109 shares changing hands. The stock had previously closed at $27.29.

Fidelity MSCI Real Estate Index ETF Stock Performance

The company has a market cap of $1.35 billion, a P/E ratio of 34.96 and a beta of 1.03. The stock’s fifty day moving average price is $27.28 and its two-hundred day moving average price is $27.43.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Several institutional investors and hedge funds have recently modified their holdings of FREL. Flagship Harbor Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at approximately $26,000. Atlantic Union Bankshares Corp bought a new position in Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth $27,000. Geneos Wealth Management Inc. acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth approximately $33,000. Stone House Investment Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 33.0% in the 4th quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the period. Finally, Realta Investment Advisors bought a new position in Fidelity MSCI Real Estate Index ETF during the third quarter worth $120,000.

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.