Fidelity Real Estate Investment ETF (BATS:FPRO) Shares Break Above 200 Day Moving Average – Here’s Why

Fidelity Real Estate Investment ETF (BATS:FPRO)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $24.30 and traded as high as $24.49. Fidelity Real Estate Investment ETF shares last traded at $24.47, with a volume of 7,129 shares.

Fidelity Real Estate Investment ETF Price Performance

The company has a 50-day moving average of $23.97 and a two-hundred day moving average of $24.32. The company has a market capitalization of $17.04 million, a PE ratio of 40.43 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. KFA Private Wealth Group LLC purchased a new stake in Fidelity Real Estate Investment ETF in the 2nd quarter worth approximately $26,170,000. Envestnet Portfolio Solutions Inc. bought a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth approximately $878,000. Concurrent Investment Advisors LLC bought a new stake in Fidelity Real Estate Investment ETF during the 2nd quarter worth approximately $279,000. Rehmann Capital Advisory Group purchased a new position in Fidelity Real Estate Investment ETF during the second quarter valued at approximately $157,000. Finally, Corient Private Wealth LP purchased a new position in Fidelity Real Estate Investment ETF during the second quarter valued at approximately $146,000.

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.