Fidelity Real Estate Investment ETF (BATS:FPRO) Trading 0.1% Higher – Here’s Why

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

Fidelity Real Estate Investment ETF Trading Up 0.1 %

The firm’s fifty day moving average price is $23.00 and its 200-day moving average price is $23.24. The company has a market cap of $14.91 million, a price-to-earnings ratio of 0.73 and a beta of 1.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fidelity Real Estate Investment ETF stock. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 53.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,499 shares of the company’s stock after purchasing an additional 7,106 shares during the quarter. Commonwealth Equity Services LLC owned 3.57% of Fidelity Real Estate Investment ETF worth $457,000 at the end of the most recent quarter.

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.