Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Price Up 2.5% – Still a Buy?

Fidelity Real Estate Investment ETF (BATS:FPRO)’s share price was up 2.5% on Friday . The stock traded as high as $22.86 and last traded at $23.25. Approximately 1,344 shares were traded during trading, a decline of 71% from the average daily volume of 4,681 shares. The stock had previously closed at $22.68.

Fidelity Real Estate Investment ETF Stock Up 2.5%

The firm has a 50 day moving average price of $22.66 and a two-hundred day moving average price of $22.54. The company has a market capitalization of $15.69 million, a price-to-earnings ratio of 40.43 and a beta of 1.03.

Institutional Trading of Fidelity Real Estate Investment ETF

A hedge fund recently raised its stake in Fidelity Real Estate Investment ETF stock. AE Wealth Management LLC grew its holdings in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) by 24.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,424 shares of the company’s stock after acquiring an additional 7,160 shares during the period. AE Wealth Management LLC owned about 5.83% of Fidelity Real Estate Investment ETF worth $836,000 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.