Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Jumps 1.3% – Time to Buy?

Shares of Fidelity Real Estate Investment ETF (BATS:FPRO) rose 1.3% during trading on Monday. The stock traded as high as $24.49 and last traded at $24.47. Approximately 7,129 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 4,352 shares. The stock had previously closed at $24.16.

Fidelity Real Estate Investment ETF Stock Performance

The firm’s fifty day simple moving average is $23.97 and its 200 day simple moving average is $24.32. The firm has a market cap of $17.04 million, a P/E ratio of 40.43 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

Hedge funds have recently made changes to their positions in the company. KFA Private Wealth Group LLC purchased a new stake in shares of Fidelity Real Estate Investment ETF during the 2nd quarter worth approximately $26,170,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Fidelity Real Estate Investment ETF during the 2nd quarter valued at approximately $878,000. Sunbelt Securities Inc. purchased a new position in shares of Fidelity Real Estate Investment ETF in the first quarter valued at $85,000. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity Real Estate Investment ETF in the second quarter valued at $69,000. Finally, Corient Private Wealth LP purchased a new position in shares of Fidelity Real Estate Investment ETF in the second quarter valued at $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.