Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report)’s share price was up 1.4% during mid-day trading on Wednesday . The company traded as high as $58.01 and last traded at $57.79. Approximately 37,681 shares were traded during trading, a decline of 37% from the average session volume of 59,793 shares. The stock had previously closed at $56.99.
Fidelity MSCI Materials Index ETF Stock Up 1.4%
The stock’s 50-day moving average price is $58.67 and its 200 day moving average price is $58.87. The firm has a market capitalization of $583.68 million, a price-to-earnings ratio of 23.26 and a beta of 0.97.
Institutional Trading of Fidelity MSCI Materials Index ETF
Several large investors have recently bought and sold shares of FMAT. Wealthcare Advisory Partners LLC lifted its stake in Fidelity MSCI Materials Index ETF by 12.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 25,902 shares of the company’s stock worth $1,516,000 after purchasing an additional 2,827 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 108.1% during the 1st quarter. NewEdge Advisors LLC now owns 11,602 shares of the company’s stock worth $669,000 after purchasing an additional 6,028 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth approximately $156,000. Lido Advisors LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock valued at $37,735,000 after purchasing an additional 30,472 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Fidelity MSCI Materials Index ETF by 614.1% in the first quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock valued at $5,821,000 after purchasing an additional 86,844 shares in the last quarter.
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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