Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sets New 12-Month High – Here’s What Happened

Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) reached a new 52-week high on Wednesday . The stock traded as high as $54.94 and last traded at $54.94, with a volume of 8820 shares. The stock had previously closed at $54.42.

Fidelity MSCI Materials Index ETF Stock Up 0.4 %

The company has a fifty day moving average price of $52.41 and a 200-day moving average price of $51.31. The stock has a market capitalization of $557.22 million, a P/E 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 and hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 11,820.0% during the third quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $65,000 after buying an additional 1,182 shares during the period. Gradient Investments LLC acquired a new position in Fidelity MSCI Materials Index ETF during the second quarter worth about $69,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter valued at approximately $169,000. Signal Advisors Wealth LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the 1st quarter worth $255,000. Finally, Wealthgarden F.S. LLC purchased a new position in Fidelity MSCI Materials Index ETF during the second quarter worth about $279,000.

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.