Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 1-Year Low – Should You Sell?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week low on Wednesday . The stock traded as low as $23.35 and last traded at $25.28, with a volume of 283540 shares trading hands. The stock had previously closed at $24.18.

Fidelity MSCI Real Estate Index ETF Stock Performance

The business has a 50 day moving average of $27.32 and a 200-day moving average of $27.92. The company has a market capitalization of $931.25 million, a P/E ratio of 32.20 and a beta of 1.08.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several hedge funds have recently bought and sold shares of FREL. Essential Planning LLC. increased its stake in Fidelity MSCI Real Estate Index ETF by 6,175.9% in the 4th quarter. Essential Planning LLC. now owns 7,939,810 shares of the company’s stock worth $227,231,000 after acquiring an additional 7,813,298 shares during the last quarter. Life Planning Partners Inc grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2,604.0% during the fourth quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock worth $31,289,000 after purchasing an additional 1,115,180 shares in the last quarter. Demars Financial Group LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 2,279.5% in the fourth quarter. Demars Financial Group LLC now owns 316,263 shares of the company’s stock worth $8,545,000 after purchasing an additional 302,972 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 26.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 566,807 shares of the company’s stock valued at $15,315,000 after purchasing an additional 118,562 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $3,119,000.

About Fidelity MSCI Real Estate Index ETF

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.