Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sets New 52-Week High at $53.00

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.00 and last traded at $52.96, with a volume of 20005 shares. The stock had previously closed at $52.60.

Fidelity MSCI Materials Index ETF Stock Performance

The firm has a 50 day moving average of $51.24 and a 200-day moving average of $50.93. The stock has a market capitalization of $533.08 million, a PE ratio of 15.76 and a beta of 0.92.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

A number of institutional investors have recently modified their holdings of FMAT. Sachetta LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth about $36,000. Corient Private Wealth LLC raised its position in Fidelity MSCI Materials Index ETF by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock valued at $1,494,000 after acquiring an additional 636 shares in the last quarter. Advisory Services Network LLC lifted its stake in Fidelity MSCI Materials Index ETF by 142.0% in the fourth quarter. Advisory Services Network LLC now owns 66,103 shares of the company’s stock valued at $3,222,000 after acquiring an additional 38,789 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth $778,000. Finally, Lynch & Associates IN raised its holdings in shares of Fidelity MSCI Materials Index ETF by 11.2% during the 1st quarter. Lynch & Associates IN now owns 8,601 shares of the company’s stock valued at $450,000 after purchasing an additional 863 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.