Fidelity Real Estate Investment ETF (BATS:FPRO) Shares Down 0.2%

Fidelity Real Estate Investment ETF (BATS:FPRO)’s stock price fell 0.2% during trading on Tuesday . The company traded as low as $20.40 and last traded at $20.41. 1,703 shares traded hands during mid-day trading, The stock had previously closed at $20.45.

Fidelity Real Estate Investment ETF Stock Down 0.2 %

The stock has a market capitalization of $11.74 million, a price-to-earnings ratio of 0.63 and a beta of 0.97. The stock’s 50-day simple moving average is $20.07 and its 200 day simple moving average is $20.66.

Hedge Funds Weigh In On Fidelity Real Estate Investment ETF

A hedge fund recently bought a new stake in Fidelity Real Estate Investment ETF stock. RWA Wealth Partners LLC bought a new position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,910 shares of the company’s stock, valued at approximately $431,000. RWA Wealth Partners LLC owned approximately 2.34% 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.