Fidelity Real Estate Investment ETF (BATS:FPRO) Trading 1.1% Higher – Here’s Why

Fidelity Real Estate Investment ETF (BATS:FPRO)’s stock price shot up 1.1% during 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 Stock Up 1.1 %

The stock has a market capitalization of $13.32 million, a PE ratio of 0.63 and a beta of 0.97. The company has a 50-day moving average of $22.57 and a 200 day moving average of $23.26.

Institutional Trading of 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 holdings 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,499 shares of the company’s stock after acquiring an additional 7,106 shares during the period. Commonwealth Equity Services LLC owned 3.57% of Fidelity Real Estate Investment ETF worth $457,000 at the end of the most recent reporting period.

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.