Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 1-Year High – Here’s What Happened

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $29.60 and last traded at $29.58, with a volume of 24887 shares changing hands. The stock had previously closed at $29.36.

Fidelity MSCI Real Estate Index ETF Trading Up 0.3%

The business’s fifty day moving average price is $28.33 and its 200 day moving average price is $27.88. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Fidelity MSCI Real Estate Index ETF by 25,321.8% in the 1st quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock valued at $276,329,000 after buying an additional 10,228,250 shares during the last quarter. Sunbelt Securities Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 74.8% in the 1st quarter. Sunbelt Securities Inc. now owns 29,789 shares of the company’s stock valued at $802,000 after buying an additional 12,747 shares during the last quarter. Talon Private Wealth LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at $221,000. Sachem Hill LLC grew its position in Fidelity MSCI Real Estate Index ETF by 2.0% in the 1st quarter. Sachem Hill LLC now owns 90,648 shares of the company’s stock valued at $2,439,000 after buying an additional 1,809 shares during the last quarter. Finally, Prospect Financial Group LLC grew its position in Fidelity MSCI Real Estate Index ETF by 3.8% in the 1st quarter. Prospect Financial Group LLC now owns 116,981 shares of the company’s stock valued at $3,148,000 after buying an additional 4,244 shares during 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.