Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Reaches New 1-Year High – Here’s What Happened

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $62.84 and last traded at $61.7920, with a volume of 7294 shares changing hands. The stock had previously closed at $62.34.

Fidelity MSCI Materials Index ETF Stock Performance

The company has a market capitalization of $545.95 million, a P/E ratio of 23.26 and a beta of 1.07. The stock has a fifty day moving average of $57.69 and a 200 day moving average of $53.88.

Institutional Trading of Fidelity MSCI Materials Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Caldwell Trust Co purchased a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp bought a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter valued at about $27,000. Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter worth about $35,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the fourth quarter worth about $35,000. Finally, Optima Capital LLC bought a new stake in Fidelity MSCI Materials Index ETF in the 4th quarter worth approximately $40,000.

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.