Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

by · The Cerbat Gem

Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Free Report) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $58.82 and traded as high as $60.03. Fidelity MSCI Materials Index ETF shares last traded at $59.48, with a volume of 49,319 shares changing hands.

Fidelity MSCI Materials Index ETF Stock Performance

The company has a market capitalization of $620.37 million, a PE ratio of 23.26 and a beta of 0.96. The company has a 50 day moving average price of $57.98 and a 200 day moving average price of $58.84.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FMAT. Kestra Advisory Services LLC raised its stake in Fidelity MSCI Materials Index ETF by 139.3% during the third quarter. Kestra Advisory Services LLC now owns 26,109 shares of the company’s stock valued at $1,455,000 after buying an additional 15,199 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its position in shares of Fidelity MSCI Materials Index ETF by 114.7% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock worth $33,000 after acquiring an additional 319 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $4,107,000. Pathway Financial Advisers LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter valued at approximately $46,000. Finally, Traynor Capital Management Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 29.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 19,656 shares of the company’s stock valued at $1,096,000 after acquiring an additional 4,443 shares during the last quarter.

About Fidelity MSCI Materials Index ETF

(Get Free Report)

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.

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