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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $30.13 and last traded at $30.09, with a volume of 41693 shares. The stock had previously closed at $29.95.

Fidelity MSCI Real Estate Index ETF Stock Down 0.3%

The firm has a market cap of $1.48 billion, a PE ratio of 34.96 and a beta of 0.98. The firm’s fifty day simple moving average is $28.92 and its two-hundred day simple moving average is $28.09.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $26,000. SHP Wealth Management purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $27,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 147.6% in 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 in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 180.3% in 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 in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after buying an additional 550 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

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.