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

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) shares saw unusually-strong trading volume on Tuesday . Approximately 1,314,142 shares traded hands during trading, an increase of 2,527% from the previous session’s volume of 50,031 shares.The stock last traded at $48.31 and had previously closed at $48.32.

Fidelity MSCI Materials Index ETF Stock Performance

The company has a market capitalization of $521.57 million, a PE ratio of 24.29 and a beta of 1.13. The business has a fifty day moving average price of $49.96 and a 200 day moving average price of $51.40.

Institutional Trading of Fidelity MSCI Materials Index ETF

Several large investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth $734,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity MSCI Materials Index ETF by 3.0% in the fourth quarter. Sunbelt Securities Inc. now owns 30,991 shares of the company’s stock worth $1,485,000 after acquiring an additional 914 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Fidelity MSCI Materials Index ETF by 7.2% in the fourth quarter. Cetera Investment Advisers now owns 240,297 shares of the company’s stock valued at $11,580,000 after purchasing an additional 16,150 shares during the last quarter. Lido Advisors LLC grew its stake in Fidelity MSCI Materials Index ETF by 4.6% during the 4th quarter. Lido Advisors LLC now owns 526,287 shares of the company’s stock valued at $25,362,000 after purchasing an additional 23,104 shares in the last quarter. Finally, KDK Private Wealth Management LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $366,000.

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.