(FPRO) Fidelity Real Estate - Ratings and Ratios

The Fidelity Real Estate Investment ETF (BATS:FPRO) is an actively managed exchange-traded fund (ETF) that leverages an exemptive order from the SEC, allowing it to maintain confidentiality over its complete portfolio holdings. The fund typically allocates at least 80% of its assets to securities of companies primarily engaged in the real estate sector, including real estate investment trusts (REITs), real estate operating companies (REOCs), and other related investments. Its portfolio spans both domestic and international issuers, reflecting its global investment strategy. As a non-diversified fund, it may concentrate investments in a smaller number of securities, potentially amplifying risk and return. The funds active management approach enables it to adapt to market conditions and pursue opportunistic investments within the real estate sector.

From a technical standpoint, FPRO has shown a stable trading range, with its 20-day moving average (SMA 20) slightly above its 50-day moving average (SMA 50), indicating a potential short-term uptrend. The 200-day moving average (SMA 200) is marginally lower, suggesting a neutral long-term outlook. The Average True Range (ATR) of 0.30 reflects moderate volatility, with price fluctuations remaining contained. The funds average volume over the past 20 days is 2,750 shares, indicating limited trading activity. Its last price of $23.31 aligns closely with its SMA 20 of $23.33, signaling a balanced market position.

Over the next three months, FPRO is expected to experience gradual upward momentum, supported by its technical indicators. The SMA 20 and SMA 50 are likely to converge, signaling a potential breakout. The ATR of 0.30 suggests that price fluctuations will remain manageable, with upside potential driven by strengthening real estate market fundamentals. The funds assets under management (AUM) of $15.02 million indicate a moderate scale, allowing for nimble portfolio adjustments. Overall, FPRO is positioned for steady growth, with its active management strategy poised to capitalize on emerging opportunities in the real estate sector.