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 mid-day 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 firm’s 50-day simple moving average is $49.87 and its 200-day simple moving average is $51.36. The company has a market capitalization of $502.35 million, a price-to-earnings ratio of 24.29 and a beta of 1.13.

Institutional Trading of Fidelity MSCI Materials Index ETF

Several institutional investors have recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Materials Index ETF in the fourth quarter worth $33,000. O Shaughnessy Asset Management LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 99.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. Global Retirement Partners LLC lifted its holdings 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 worth $39,000 after acquiring an additional 677 shares during the period. 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 in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Fidelity MSCI Materials Index ETF by 111.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after acquiring an additional 776 shares in the last quarter.

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.