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

by · The Markets Daily

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $23.35 and last traded at $25.28, with a volume of 283540 shares traded. The stock had previously closed at $24.18.

Fidelity MSCI Real Estate Index ETF Stock Up 1.2 %

The stock has a market cap of $931.25 million, a P/E ratio of 32.20 and a beta of 1.08. The firm has a 50 day moving average price of $27.32 and a 200 day moving average price of $27.92.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $32,000. Johnson Financial Group Inc. boosted its stake in 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 boosted its stake in 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 worth $47,000 after purchasing an additional 786 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 63.9% during the 4th 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 in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 16.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock valued at $89,000 after buying an additional 479 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

(Get Free Report)

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.

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