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

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) shares saw strong trading volume on Tuesday . Approximately 222,800 shares changed hands during mid-day trading, an increase of 304% from the previous session’s volume of 55,145 shares.The stock last traded at $59.16 and had previously closed at $59.66.

Fidelity MSCI Materials Index ETF Price Performance

The firm has a 50-day simple moving average of $59.49 and a 200 day simple moving average of $58.04. The company has a market capitalization of $602.11 million, a PE ratio of 23.26 and a beta of 0.96.

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Hedge Funds Weigh In On Fidelity MSCI Materials Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $35,000. Optima Capital LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth $40,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity MSCI Materials Index ETF by 33.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after purchasing an additional 352 shares in the last quarter. Motiv8 Investments LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth $83,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at $91,000.

About Fidelity MSCI Materials Index ETF

(Get Free Report)

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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