Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Price Down 1.5% – Here’s Why

Fidelity Real Estate Investment ETF (BATS:FPRO) shares fell 1.5% on Wednesday . The stock traded as low as $23.63 and last traded at $23.63. 10,576 shares were traded during mid-day trading, an increase of 159% from the average daily volume of 4,078 shares. The stock had previously closed at $23.98.

Fidelity Real Estate Investment ETF Stock Down 1.5%

The firm’s 50-day moving average price is $25.06 and its 200-day moving average price is $24.63. The company has a market cap of $15.95 million, a P/E ratio of 40.43 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. bought a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter valued at $878,000. Integrated Wealth Concepts LLC bought a new position in shares of Fidelity Real Estate Investment ETF in the second quarter worth $69,000. Corient Private Wealth LP bought a new position in shares of Fidelity Real Estate Investment ETF in the second quarter worth $146,000. Concurrent Investment Advisors LLC purchased a new position in shares of Fidelity Real Estate Investment ETF in the second quarter valued at $279,000. Finally, KFA Private Wealth Group LLC purchased a new position in shares of Fidelity Real Estate Investment ETF in the second quarter valued at $26,170,000.

Fidelity Real Estate Investment ETF Company Profile

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.