Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 12-Month High – Should You Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $30.17 and last traded at $30.16, with a volume of 25861 shares trading hands. The stock had previously closed at $29.73.

Fidelity MSCI Real Estate Index ETF Stock Performance

The business has a 50-day moving average of $29.40 and a 200 day moving average of $28.50. The firm has a market capitalization of $1.52 billion, a P/E ratio of 34.96 and a beta of 0.98.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after purchasing an additional 380,393 shares in the last quarter. Truefg LLC grew its position in Fidelity MSCI Real Estate Index ETF by 3.8% in the 4th quarter. Truefg LLC now owns 665,978 shares of the company’s stock valued at $17,908,000 after purchasing an additional 24,540 shares during the period. Marotta Asset Management increased its stake in Fidelity MSCI Real Estate Index ETF by 18.1% during the 4th quarter. Marotta Asset Management now owns 217,461 shares of the company’s stock valued at $5,848,000 after purchasing an additional 33,287 shares in the last quarter. Citizens & Northern Corp increased its stake in Fidelity MSCI Real Estate Index ETF by 32.2% during the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares in the last quarter. Finally, Payne Capital Management LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 6.5% during the fourth quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after buying an additional 18,192 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.