Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 12-Month High – Time to Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FRELGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.06 and last traded at $28.82, with a volume of 196537 shares. The stock had previously closed at $28.81.

Fidelity MSCI Real Estate Index ETF Stock Performance

The stock has a market capitalization of $1.43 billion, a PE ratio of 34.96 and a beta of 1.03. The business’s 50-day moving average is $27.59 and its two-hundred day moving average is $27.52.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at about $26,000. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $33,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 147.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after buying an additional 1,094 shares during the period. Finally, Stone House Investment Management LLC lifted its holdings 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 valued at $60,000 after buying an additional 550 shares during the period.

Fidelity MSCI Real Estate Index ETF Company Profile

(Get Free Report)

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.

Further Reading

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