Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $58.86 and traded as low as $58.47. Fidelity MSCI Materials Index ETF shares last traded at $58.51, with a volume of 59,663 shares trading hands.
Fidelity MSCI Materials Index ETF Price Performance
The firm’s 50 day moving average is $57.77 and its 200 day moving average is $58.86. The company has a market cap of $599.73 million, a PE ratio of 22.70 and a beta of 0.97.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 114.7% in the third quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock worth $33,000 after purchasing an additional 319 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter worth $46,000. Trust Co. of Vermont purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter worth $67,000. WestEnd Advisors LLC bought a new stake in Fidelity MSCI Materials Index ETF during the third quarter valued at $71,000. Finally, Fifth Third Bancorp grew its position in Fidelity MSCI Materials Index ETF by 813.2% during the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after buying an additional 1,667 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.
See Also
- Five stocks we like better than Fidelity MSCI Materials Index ETF
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Receive News & Ratings for Fidelity MSCI Materials Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Materials Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
