Fidelity Real Estate Investment ETF (BATS:FPRO) Trading 1% Higher – Here’s What Happened

Fidelity Real Estate Investment ETF (BATS:FPRO)’s share price rose 1% during mid-day trading on Monday . The stock traded as high as $24.79 and last traded at $24.72. Approximately 3,261 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 3,975 shares. The stock had previously closed at $24.47.

Fidelity Real Estate Investment ETF Price Performance

The firm’s 50 day moving average is $24.71 and its 200 day moving average is $23.70. The company has a market capitalization of $16.92 million, a PE ratio of 40.43 and a beta of 1.03.

Hedge Funds Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned about 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent quarter.

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.