Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 1-Year High – Still a Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $29.26 and last traded at $29.26, with a volume of 47172 shares traded. The stock had previously closed at $28.87.

Fidelity MSCI Real Estate Index ETF Stock Performance

The firm’s 50-day moving average is $28.09 and its 200 day moving average is $27.60. The firm has a market capitalization of $1.46 billion, a PE ratio of 34.96 and a beta of 1.02.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $26,000. SHP Wealth Management purchased a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at about $27,000. Geneos Wealth Management Inc. purchased a new position in Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at about $33,000. Atlantic Union Bankshares Corp lifted its holdings in Fidelity MSCI Real Estate Index ETF by 81.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock valued at $51,000 after purchasing an additional 817 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 147.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after acquiring an additional 1,094 shares during the period.

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.