Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Strong Trading Volume – Here’s What Happened

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares saw strong trading volume on Monday . 495,239 shares traded hands during mid-day trading, an increase of 185% from the previous session’s volume of 173,896 shares.The stock last traded at $27.38 and had previously closed at $27.20.

Fidelity MSCI Real Estate Index ETF Stock Performance

The firm has a fifty day simple moving average of $27.67 and a 200 day simple moving average of $28.19. The company has a market cap of $1.01 billion, a PE ratio of 32.20 and a beta of 1.08.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $32,000. Larson Financial Group LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 2,144.6% during the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after acquiring an additional 1,201 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 60.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,600 shares of the company’s stock worth $44,000 after purchasing an additional 600 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 81.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock valued at $47,000 after purchasing an additional 786 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 63.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after buying an additional 787 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.