Fidelity Real Estate Investment ETF (BATS:FPRO) Trading Up 0.1% – Still a Buy?

Fidelity Real Estate Investment ETF (BATS:FPRO)’s share price traded up 0.1% during trading on Monday . The stock traded as high as $23.09 and last traded at $22.94. 1,859 shares were traded 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 Stock Performance

The stock’s fifty day simple moving average is $23.00 and its two-hundred day simple moving average is $23.24. The company has a market capitalization of $14.91 million, a price-to-earnings ratio of 0.73 and a beta of 1.10.

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 grew its stake in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,499 shares of the company’s stock after acquiring an additional 7,106 shares during the period. Commonwealth Equity Services LLC owned about 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.