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

Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw an uptick in trading volume on Tuesday . 38,158 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 37,103 shares.The stock last traded at $50.58 and had previously closed at $50.79.

Fidelity MSCI Materials Index ETF Price Performance

The business has a 50 day moving average price of $53.36 and a two-hundred day moving average price of $51.95. The stock has a market cap of $493.69 million, a PE ratio of 15.76 and a beta of 0.92.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. AE Wealth Management LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 24.4% during the 2nd quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock valued at $27,911,000 after acquiring an additional 110,641 shares during the period. Envestnet Asset Management Inc. increased its stake 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 worth $22,942,000 after acquiring an additional 51,642 shares during the last quarter. Cetera Investment Advisers raised its holdings in Fidelity MSCI Materials Index ETF by 13.9% during the 2nd quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock valued at $10,624,000 after buying an additional 26,169 shares during the period. Commonwealth Equity Services LLC boosted its stake 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 worth $6,081,000 after buying an additional 21,683 shares during the period. Finally, Lifeworks Advisors LLC bought a new position in Fidelity MSCI Materials Index ETF during the third quarter valued at $1,154,000.

About Fidelity MSCI Materials Index ETF

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.