(FMAT) Fidelity MSCI Materials - Ratings and Ratios

The Fidelity® MSCI Materials Index ETF (NYSE ARCA: FMAT) is designed to track the performance of the materials sector in the U.S. equity market by investing at least 80% of its assets in securities from its underlying index, the MSCI USA IMI Materials 25/50 Index. This index is weighted by market capitalization and includes companies across key subsectors such as chemicals, metals, and construction materials. The fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities, and may not hold all the securities included in the underlying index. As of the latest data, the fund has approximately $561.10 million in assets under management (AUM) and trades with an average 20-day volume of 41,685 shares.

From a technical perspective, FMAT is currently trading at $49.93, slightly below its 20-day simple moving average (SMA) of $50.73 but closely aligned with its 50-day SMA of $49.88. The 200-day SMA stands at $51.17, indicating a recent downtrend in the longer term. The Average True Range (ATR) of 0.61 suggests relatively low volatility, making it a potentially stable choice for investors seeking exposure to the materials sector.

Over the next three months, FMAT is expected to remain range-bound between $48.50 and $51.50, driven by the interplay of technical and fundamental factors. The materials sector is likely to benefit from continued demand for industrial commodities, supported by infrastructure spending and supply chain adjustments. However, macroeconomic headwinds such as interest rate changes and global economic uncertainty could exert downward pressure on the funds performance. The funds moderate average volume and low ATR suggest manageable liquidity and volatility risks during this period.