Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw unusually-strong trading volume on Monday . Approximately 495,239 shares traded hands during trading, an increase of 185% from the previous session’s volume of 173,896 shares.The stock last traded at $27.38 and had previously closed at $27.20.

Fidelity MSCI Real Estate Index ETF Stock Up 0.1 %

The company’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $28.16. The firm has a market cap of $1.01 billion, a PE ratio of 32.20 and a beta of 1.08.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at approximately $32,000. Johnson Financial Group Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 60.0% during the 4th quarter. Johnson Financial Group Inc. now owns 1,600 shares of the company’s stock worth $44,000 after acquiring an additional 600 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 81.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock valued at $47,000 after acquiring an additional 786 shares during the period. Capital Investment Advisory Services LLC grew its position in Fidelity MSCI Real Estate Index ETF by 63.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after acquiring an additional 787 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock worth $89,000 after purchasing an additional 479 shares during the period.

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.