Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 1-Year High at $30.05

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week high on Monday . The stock traded as high as $30.05 and last traded at $29.87, with a volume of 20503 shares changing hands. The stock had previously closed at $29.82.

Fidelity MSCI Real Estate Index ETF Stock Performance

The firm has a 50-day moving average of $27.67 and a 200-day moving average of $26.03. The firm has a market capitalization of $1.11 billion, a P/E ratio of 25.77 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $231,000. Principal Securities Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $64,000. Sachetta LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $1,199,000. Orion Portfolio Solutions LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $2,293,000. Finally, Advisory Services Network LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 126.6% during the 4th quarter. Advisory Services Network LLC now owns 93,193 shares of the company’s stock valued at $2,484,000 after purchasing an additional 52,071 shares during the period.

About Fidelity MSCI Real Estate Index ETF

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.