Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 12-Month High – Here’s What Happened

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $29.50 and last traded at $27.3340, with a volume of 109 shares. The stock had previously closed at $27.29.

Fidelity MSCI Real Estate Index ETF Stock Up 0.2%

The firm’s 50-day simple moving average is $27.28 and its 200 day simple moving average is $27.43. The firm has a market cap of $1.35 billion, a P/E ratio of 34.96 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FREL. AE Wealth Management LLC increased its holdings in 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 acquiring an additional 380,393 shares during the last quarter. Lido Advisors LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 9.3% during the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after purchasing an additional 113,386 shares during the period. Citizens & Northern Corp increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after purchasing an additional 264,741 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after purchasing an additional 434,332 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 82.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock valued at $21,178,000 after buying an additional 344,617 shares in 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.