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

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) shares saw strong trading volume on Tuesday . 38,158 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 37,103 shares.The stock last traded at $50.58 and had previously closed at $50.79.

Fidelity MSCI Materials Index ETF Trading Down 0.7 %

The firm has a 50 day moving average price of $53.51 and a 200-day moving average price of $51.98. The firm has a market cap of $509.24 million, a price-to-earnings ratio of 15.76 and a beta of 0.92.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 12.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock worth $1,630,000 after acquiring an additional 3,331 shares during the period. MML Investors Services LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 20.6% in the 3rd quarter. MML Investors Services LLC now owns 7,810 shares of the company’s stock valued at $423,000 after purchasing an additional 1,332 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Fidelity MSCI Materials Index ETF by 4.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock valued at $314,000 after buying an additional 241 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth $225,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth $249,000.

Fidelity MSCI Materials Index ETF Company Profile

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.