Fidelity Real Estate Investment ETF (BATS:FPRO) Trading Up 0.1% – Here’s What Happened

Fidelity Real Estate Investment ETF (BATS:FPRO)’s stock price traded up 0.1% on Monday . The company traded as high as $23.09 and last traded at $22.94. 1,859 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 3,680 shares. The stock had previously closed at $22.91.

Fidelity Real Estate Investment ETF Price Performance

The firm has a market cap of $14.98 million, a PE ratio of 0.73 and a beta of 1.10. The business’s fifty day moving average is $23.01 and its 200-day moving average is $23.23.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

A hedge fund recently raised its stake in Fidelity Real Estate Investment ETF stock. Commonwealth Equity Services LLC boosted its position in Fidelity Real Estate Investment ETF (BATS:FPRO) by 53.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,499 shares of the company’s stock after buying an additional 7,106 shares during the quarter. Commonwealth Equity Services LLC owned approximately 3.57% of Fidelity Real Estate Investment ETF worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Fidelity Real Estate Investment ETF

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.