Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Price Down 1.2% – Should You Sell?

Fidelity Real Estate Investment ETF (BATS:FPRO) traded down 1.2% on Thursday . The company traded as low as $22.75 and last traded at $22.41. 1,344 shares traded hands during trading, a decline of 71% from the average session volume of 4,681 shares. The stock had previously closed at $22.68.

Fidelity Real Estate Investment ETF Stock Down 1.2%

The stock has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $22.52. The firm has a market cap of $15.13 million, a PE ratio of 40.43 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently raised its position in Fidelity Real Estate Investment ETF stock. AE Wealth Management LLC raised its position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 24.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,424 shares of the company’s stock after purchasing an additional 7,160 shares during the period. AE Wealth Management LLC owned approximately 5.83% of Fidelity Real Estate Investment ETF worth $836,000 at the end of the most recent reporting period.

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.