Fidelity Real Estate Investment ETF (BATS:FPRO) Trading 1.1% Higher – What’s Next?

Fidelity Real Estate Investment ETF (BATS:FPRO)’s share price traded up 1.1% during mid-day trading on Friday . The stock traded as high as $23.09 and last traded at $23.17. 1,859 shares changed hands during trading, The stock had previously closed at $22.91.

Fidelity Real Estate Investment ETF Price Performance

The company’s fifty day moving average is $22.57 and its 200-day moving average is $23.26. The stock has a market cap of $13.32 million, a PE ratio of 0.63 and a beta of 0.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Fidelity Real Estate Investment ETF stock. Commonwealth Equity Services LLC grew its position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 53.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,499 shares of the company’s stock after purchasing 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 SEC filing.

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.