Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Hits New 12-Month Low – What’s Next?

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $47.24 and last traded at $47.79, with a volume of 6540 shares trading hands. The stock had previously closed at $47.95.

Fidelity MSCI Materials Index ETF Stock Up 0.1 %

The firm has a 50 day moving average price of $50.00 and a 200 day moving average price of $51.42. The stock has a market cap of $516.22 million, a PE ratio of 24.29 and a beta of 1.13.

Institutional Trading of Fidelity MSCI Materials Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Fidelity MSCI Materials Index ETF by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 26,938 shares of the company’s stock valued at $1,460,000 after buying an additional 1,833 shares during the last quarter. Park Avenue Securities LLC lifted its position in Fidelity MSCI Materials Index ETF by 25.7% during the fourth quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock valued at $1,854,000 after purchasing an additional 7,872 shares during the period. Orion Portfolio Solutions LLC boosted its position in Fidelity MSCI Materials Index ETF by 4.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock worth $314,000 after purchasing an additional 241 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 20.6% during the 3rd quarter. MML Investors Services LLC now owns 7,810 shares of the company’s stock worth $423,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Lifeworks Advisors LLC boosted its position in Fidelity MSCI Materials Index ETF by 26.8% during the fourth quarter. Lifeworks Advisors LLC now owns 26,988 shares of the company’s stock worth $1,301,000 after purchasing an additional 5,697 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.