Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw unusually-strong trading volume on Monday . Approximately 73,238 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 36,226 shares.The stock last traded at $54.27 and had previously closed at $54.13.

Fidelity MSCI Materials Index ETF Stock Up 0.5 %

The company has a market cap of $549.44 million, a PE ratio of 15.76 and a beta of 0.92. The business’s fifty day moving average is $51.99 and its 200-day moving average is $51.24.

Hedge Funds Weigh In On Fidelity MSCI Materials Index ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AE Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 24.4% in the second quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock worth $27,911,000 after buying an additional 110,641 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Materials Index ETF by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock valued at $22,942,000 after purchasing an additional 51,642 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Materials Index ETF by 13.9% during the second quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock valued at $10,624,000 after purchasing an additional 26,169 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 21.4% during the second quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock valued at $6,081,000 after purchasing an additional 21,683 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 31.2% during the first quarter. Advisory Services Network LLC now owns 86,720 shares of the company’s stock valued at $4,542,000 after purchasing an additional 20,617 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.