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

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares saw strong trading volume on Tuesday. 1,478,307 shares changed hands during trading, an increase of 339% from the previous session’s volume of 336,690 shares. The stock last traded at $27.3840 and had previously closed at $27.48.

Fidelity MSCI Real Estate Index ETF Trading Down 0.5%

The business has a 50 day moving average of $29.37 and a two-hundred day moving average of $29.02. The firm has a market cap of $1.36 billion, a P/E ratio of 34.96 and a beta of 0.97.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Livet Wealth LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at about $2,216,000. Riverpoint Wealth Management Holdings LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 5.7% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock valued at $14,958,000 after buying an additional 30,075 shares in the last quarter. Marotta Asset Management lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 16.1% during the 1st quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock worth $6,819,000 after acquiring an additional 35,105 shares during the period. Diversify Wealth Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 49.4% during the first quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock worth $9,492,000 after purchasing an additional 109,052 shares during the last quarter. Finally, Pasadena Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at approximately $5,936,000.

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.