Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Down 0.8% – Here’s What Happened

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) was down 0.8% on Tuesday . The company traded as low as $59.71 and last traded at $59.76. Approximately 36,804 shares were traded during mid-day trading, a decline of 33% from the average session volume of 55,322 shares. The stock had previously closed at $60.24.

Fidelity MSCI Materials Index ETF Stock Down 1.5%

The firm has a market capitalization of $587.92 million, a P/E ratio of 23.26 and a beta of 0.97. The firm has a 50 day moving average of $59.22 and a 200-day moving average of $59.12.

Get Fidelity MSCI Materials Index ETF alerts:

Institutional Trading of Fidelity MSCI Materials Index ETF

A number of institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in shares of Fidelity MSCI Materials Index ETF in the second quarter worth $67,000. Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 352 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth about $83,000. Qube Research & Technologies Ltd bought a new position in Fidelity MSCI Materials Index ETF in the 2nd quarter valued at about $91,000. Finally, Kestra Advisory Services LLC bought a new position in Fidelity MSCI Materials Index ETF in the 4th quarter valued at about $103,000.

Fidelity MSCI Materials Index ETF Company Profile

(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.

Further Reading

• Five stocks we like better than Fidelity MSCI Materials Index ETF
• AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
• Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
• 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
• Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle

Receive News & Ratings for Fidelity MSCI Materials Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Materials Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.