Fidelity Real Estate Investment ETF (BATS:FPRO) Stock Price Up 1% – Here’s Why

Fidelity Real Estate Investment ETF (BATS:FPRO) shares rose 1% on Monday . The stock traded as high as $24.79 and last traded at $24.72. 3,261 shares were traded during trading, a decline of 18% from the average session volume of 3,975 shares. The stock had previously closed at $24.47.

Fidelity Real Estate Investment ETF Stock Performance

The stock has a market cap of $16.69 million, a price-to-earnings ratio of 40.43 and a beta of 1.03. The company has a 50-day moving average of $24.69 and a 200-day moving average of $23.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. bought a new stake in Fidelity Real Estate Investment ETF (BATS:FPRO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned 0.55% of Fidelity Real Estate Investment ETF at the end of the most recent quarter.

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.