Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Reaches New 1-Year High – Here’s What Happened

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) shares hit a new 52-week high on Monday . The company traded as high as $60.59 and last traded at $60.5640, with a volume of 14596 shares changing hands. The stock had previously closed at $60.05.

Fidelity MSCI Materials Index ETF Price Performance

The company has a fifty day moving average of $55.97 and a 200-day moving average of $53.16. The firm has a market capitalization of $548.59 million, a PE ratio of 23.26 and a beta of 1.07.

Institutional Investors Weigh In On Fidelity MSCI Materials Index ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 4th quarter valued at about $35,000. Howe & Rusling Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter valued at $35,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter worth about $36,000.

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.