Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Reaches New 12-Month Low – Here’s Why

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.24 and last traded at $47.79, with a volume of 6540 shares. The stock had previously closed at $47.95.

Fidelity MSCI Materials Index ETF Price Performance

The stock’s fifty day moving average price is $49.91 and its 200-day moving average price is $51.38. The firm has a market cap of $521.38 million, a PE ratio of 24.29 and a beta of 1.13.

Institutional Trading of Fidelity MSCI Materials Index ETF

Several large investors have recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new position in Fidelity MSCI Materials Index ETF during the fourth quarter worth $33,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 99.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock worth $33,000 after acquiring an additional 342 shares during the period. Global Retirement Partners LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 497.8% during the 4th quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after acquiring an additional 677 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 360.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock valued at $55,000 after acquiring an additional 895 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Fidelity MSCI Materials Index ETF by 111.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after purchasing an additional 776 shares during the period.

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.