Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 52-Week High – Should You Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares hit a new 52-week high on Monday . The company traded as high as $30.72 and last traded at $30.66, with a volume of 46964 shares trading hands. The stock had previously closed at $30.59.

Fidelity MSCI Real Estate Index ETF Stock Performance

The stock has a market cap of $1.52 billion, a PE ratio of 34.96 and a beta of 0.98. The company’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $28.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after purchasing an additional 380,393 shares during the period. Truefg LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 3.8% in the fourth quarter. Truefg LLC now owns 665,978 shares of the company’s stock valued at $17,908,000 after acquiring an additional 24,540 shares in the last quarter. Citizens & Northern Corp increased its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after buying an additional 264,741 shares during the period. Payne Capital Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 6.5% in the 4th quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after acquiring an additional 18,192 shares in the last quarter. Finally, Mach 1 Financial Group LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $1,038,000.

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.