Fidelity Real Estate Investment ETF (BATS:FPRO) Trading 0.9% Higher – Should You Buy?

Fidelity Real Estate Investment ETF (BATS:FPRO) traded up 0.9% during mid-day trading on Monday . The stock traded as high as $23.09 and last traded at $23.12. 1,859 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 3,522 shares. The stock had previously closed at $22.91.

Fidelity Real Estate Investment ETF Trading Up 0.9 %

The stock has a market capitalization of $15.03 million, a price-to-earnings ratio of 0.76 and a beta of 1.10. The firm has a 50-day moving average of $22.77 and a 200-day moving average of $23.35.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently raised its position in Fidelity Real Estate Investment ETF stock. Commonwealth Equity Services LLC lifted its position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 53.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,499 shares of the company’s stock after acquiring an additional 7,106 shares during the quarter. Commonwealth Equity Services LLC owned 3.57% of Fidelity Real Estate Investment ETF worth $457,000 as of its most recent SEC filing.

Fidelity Real Estate Investment ETF Company Profile

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.