Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Sees Large Volume Increase – Here’s Why

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) saw strong trading volume on Monday . 110,386 shares traded hands during trading, an increase of 163% from the previous session’s volume of 41,984 shares.The stock last traded at $48.86 and had previously closed at $49.62.

Fidelity MSCI Materials Index ETF Trading Down 0.3 %

The firm has a market capitalization of $527.46 million, a P/E ratio of 23.92 and a beta of 1.13. The firm has a 50 day moving average price of $49.95 and a 200-day moving average price of $51.68.

Institutional Trading of Fidelity MSCI Materials Index ETF

Institutional investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Materials Index ETF in the 4th quarter worth about $33,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 99.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock worth $33,000 after buying an additional 342 shares during the period. Global Retirement Partners LLC lifted its stake 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 last quarter. Sound Income Strategies LLC lifted its stake 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 worth $55,000 after acquiring an additional 895 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in 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 during the period.

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.