Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw unusually-strong trading volume on Monday . Approximately 73,238 shares changed hands during mid-day trading, an increase of 102% from the previous session’s volume of 36,226 shares.The stock last traded at $54.27 and had previously closed at $54.13.

Fidelity MSCI Materials Index ETF Price Performance

The business’s 50 day moving average price is $51.99 and its 200-day moving average price is $51.24. The company has a market cap of $549.44 million, a P/E ratio of 15.76 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CWM LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 11,820.0% in the third quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $65,000 after purchasing an additional 1,182 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at approximately $69,000. Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter valued at approximately $169,000. Signal Advisors Wealth LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter valued at approximately $255,000. Finally, Wealthgarden F.S. LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at approximately $279,000.

About Fidelity MSCI Materials Index ETF

The Fidelity MSCI Materials Index ETF (FMAT) is an exchange-traded fund that is based on the MSCI USA IMI Materials 25\u002F50 index, a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum. FMAT was launched on Oct 21, 2013 and is managed by Fidelity.