SeaCrest Wealth Management LLC Grows Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

SeaCrest Wealth Management LLC grew its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 56.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 13,406 shares of the company’s stock after acquiring an additional 4,815 shares during the quarter. SeaCrest Wealth Management LLC owned about 0.13% of Fidelity MSCI Materials Index ETF worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 3.5% in the 1st quarter. Sunbelt Securities Inc. now owns 26,361 shares of the company’s stock valued at $1,381,000 after acquiring an additional 889 shares during the last quarter. Signal Advisors Wealth LLC purchased a new position in Fidelity MSCI Materials Index ETF during the 1st quarter worth approximately $255,000. Lynch & Associates IN grew its stake in Fidelity MSCI Materials Index ETF by 11.2% during the 1st quarter. Lynch & Associates IN now owns 8,601 shares of the company’s stock worth $450,000 after buying an additional 863 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $778,000. Finally, Advisory Services Network LLC grew its stake in Fidelity MSCI Materials Index ETF by 142.0% during the 4th quarter. Advisory Services Network LLC now owns 66,103 shares of the company’s stock worth $3,222,000 after buying an additional 38,789 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 0.9 %

NYSEARCA:FMAT opened at $49.23 on Thursday. The stock’s 50 day moving average price is $50.69 and its 200 day moving average price is $49.68. The company has a market capitalization of $497.22 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 52-week low of $41.62 and a 52-week high of $52.77.

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.