Mather Group LLC. lowered its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,076 shares of the company’s stock after selling 692 shares during the period. Mather Group LLC. owned about 0.32% of Fidelity MSCI Materials Index ETF worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Gradient Investments LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at $69,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the first quarter worth approximately $169,000. Signal Advisors Wealth LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the first quarter valued at approximately $255,000. Wealthgarden F.S. LLC purchased a new position in Fidelity MSCI Materials Index ETF in the second quarter worth approximately $279,000. Finally, Sweeney & Michel LLC acquired a new position in Fidelity MSCI Materials Index ETF during the 1st quarter worth approximately $320,000.
Fidelity MSCI Materials Index ETF Price Performance
NYSEARCA:FMAT opened at $53.16 on Wednesday. Fidelity MSCI Materials Index ETF has a 12 month low of $41.62 and a 12 month high of $54.94. The firm has a market capitalization of $536.92 million, a PE ratio of 15.76 and a beta of 0.92. The business’s fifty day moving average price is $51.86 and its 200 day moving average price is $51.19.
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.
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