Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) saw unusually-strong trading volume on Tuesday . 66,967 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 56,493 shares.The stock last traded at $58.62 and had previously closed at $58.27.
Fidelity MSCI Materials Index ETF Stock Up 0.7%
The business’s fifty day moving average is $59.35 and its two-hundred day moving average is $58.30. The stock has a market cap of $598.43 million, a price-to-earnings ratio of 23.26 and a beta of 0.96.
Institutional Trading of Fidelity MSCI Materials Index ETF
A number of large investors have recently modified their holdings of FMAT. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity MSCI Materials Index ETF by 23,517.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock valued at $17,787,000 after acquiring an additional 333,484 shares in the last quarter. AE Wealth Management LLC grew its stake in Fidelity MSCI Materials Index ETF by 25.8% during the 4th quarter. AE Wealth Management LLC now owns 1,328,708 shares of the company’s stock worth $70,568,000 after purchasing an additional 272,726 shares in the last quarter. Cetera Investment Advisers increased its holdings in Fidelity MSCI Materials Index ETF by 614.1% during the 1st quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock worth $5,821,000 after purchasing an additional 86,844 shares during the period. Bank of New York Mellon Corp purchased a new stake in Fidelity MSCI Materials Index ETF during the 1st quarter worth about $2,866,000. Finally, Lido Advisors LLC increased its holdings in Fidelity MSCI Materials Index ETF by 8.7% during the 3rd quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock worth $32,677,000 after purchasing an additional 49,681 shares during the period.
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.
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