Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Strong Trading Volume

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares saw strong trading volume on Monday . 178,131 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 176,811 shares.The stock last traded at $25.08 and had previously closed at $25.34.

Fidelity MSCI Real Estate Index ETF Stock Up 0.5 %

The stock’s 50-day simple moving average is $24.95 and its 200 day simple moving average is $25.42. The company has a market cap of $934.55 million, a price-to-earnings ratio of 25.77 and a beta of 1.02.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Several hedge funds have recently made changes to their positions in the business. Northwest Financial Advisors acquired a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $26,000. BOK Financial Private Wealth Inc. acquired a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $44,000. Fortitude Family Office LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $54,000. Principal Securities Inc. acquired a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $64,000. Finally, Aspect Partners LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $176,000.

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.