Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 52-Week High at $27.48

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.48 and last traded at $27.44, with a volume of 186215 shares changing hands. The stock had previously closed at $27.20.

Fidelity MSCI Real Estate Index ETF Stock Up 0.9 %

The stock has a market capitalization of $1.02 billion, a P/E ratio of 25.77 and a beta of 1.02. The company has a 50 day moving average of $25.55 and a 200-day moving average of $25.40.

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 stock. Northwest Financial Advisors acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $26,000. Gradient Investments LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the 2nd quarter valued at $40,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $44,000. Principal Securities Inc. bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth $64,000. Finally, CWM LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 388.3% in the second quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares during the period.

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.