Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 1-Year High at $28.84

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $28.84 and last traded at $28.80, with a volume of 101862 shares traded. The stock had previously closed at $28.74.

Fidelity MSCI Real Estate Index ETF Stock Performance

The company has a market capitalization of $1.07 billion, a PE ratio of 25.77 and a beta of 1.02. The company’s fifty day moving average is $26.94 and its 200-day moving average is $25.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Clarity Asset Management Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 16.4% in the second quarter. Clarity Asset Management Inc. now owns 19,200 shares of the company’s stock worth $487,000 after buying an additional 2,711 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Fidelity MSCI Real Estate Index ETF by 5.2% during the second quarter. Thrivent Financial for Lutherans now owns 50,689 shares of the company’s stock valued at $1,284,000 after purchasing an additional 2,502 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 29.4% in the 2nd quarter. AE Wealth Management LLC now owns 625,027 shares of the company’s stock worth $15,838,000 after buying an additional 141,975 shares during the last quarter. SigFig Wealth Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 2.7% in the second quarter. SigFig Wealth Management LLC now owns 110,006 shares of the company’s stock worth $2,787,000 after acquiring an additional 2,856 shares in the last quarter. Finally, Black Diamond Financial LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 31.0% in the 2nd quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock worth $11,010,000 after purchasing an additional 102,865 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.