Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sets New 1-Year High at $50.09

Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMATGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.09 and last traded at $50.03, with a volume of 9925 shares. The stock had previously closed at $49.71.

Fidelity MSCI Materials Index ETF Stock Performance

The firm has a fifty day simple moving average of $47.75 and a 200-day simple moving average of $45.97. The company has a market capitalization of $500 million, a PE ratio of 14.39 and a beta of 1.12.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Beaumont Capital Management LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter worth approximately $6,991,000. Wells Fargo & Company MN boosted its position in Fidelity MSCI Materials Index ETF by 173.9% during the 2nd quarter. Wells Fargo & Company MN now owns 159,659 shares of the company’s stock valued at $7,450,000 after purchasing an additional 101,368 shares during the period. Citadel Advisors LLC acquired a new position in Fidelity MSCI Materials Index ETF during the 3rd quarter valued at approximately $2,441,000. Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Materials Index ETF by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 354,807 shares of the company’s stock valued at $15,679,000 after purchasing an additional 59,047 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Fidelity MSCI Materials Index ETF during the 4th quarter valued at approximately $2,421,000.

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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