Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Price Down 1.5% – What’s Next?

Shares of Fidelity Real Estate Investment ETF (BATS:FPRO) traded down 1.5% during mid-day trading on Wednesday. The company traded as low as $23.63 and last traded at $23.63. Approximately 10,576 shares traded hands during trading, an increase of 159% from the average daily volume of 4,078 shares. The stock had previously closed at $23.98.

Fidelity Real Estate Investment ETF Trading Down 0.3%

The company’s 50-day moving average is $25.02 and its 200 day moving average is $24.62. The firm has a market cap of $15.86 million, a PE ratio of 40.43 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FPRO. Integrated Wealth Concepts LLC purchased a new stake in Fidelity Real Estate Investment ETF in the 2nd quarter worth about $69,000. Nwam LLC purchased a new position in Fidelity Real Estate Investment ETF during the 2nd quarter valued at about $90,000. Sunbelt Securities Inc. purchased a new position in Fidelity Real Estate Investment ETF during the 1st quarter valued at about $85,000. Proficio Capital Partners LLC acquired a new position in shares of Fidelity Real Estate Investment ETF in the 2nd quarter valued at about $140,000. Finally, Corient Private Wealth LP acquired a new position in shares of Fidelity Real Estate Investment ETF in the 2nd quarter valued at about $146,000.

About Fidelity Real Estate Investment ETF

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.