Fmr LLC Lowers Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Fmr LLC lowered its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,884 shares of the company’s stock after selling 909 shares during the period. Fmr LLC owned about 0.11% of Fidelity MSCI Materials Index ETF worth $590,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FMAT. Sigma Planning Corp boosted its position in Fidelity MSCI Materials Index ETF by 7.5% during the third quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock valued at $256,000 after purchasing an additional 330 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Fidelity MSCI Materials Index ETF by 1.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 26,746 shares of the company’s stock worth $1,322,000 after purchasing an additional 385 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Fidelity MSCI Materials Index ETF by 2.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 14,533 shares of the company’s stock worth $788,000 after purchasing an additional 403 shares during the last quarter. Lynch & Associates IN grew its position in Fidelity MSCI Materials Index ETF by 4.8% during the 3rd quarter. Lynch & Associates IN now owns 9,607 shares of the company’s stock worth $521,000 after purchasing an additional 440 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Fidelity MSCI Materials Index ETF by 3.4% in the second quarter. J.W. Cole Advisors Inc. now owns 17,547 shares of the company’s stock worth $867,000 after buying an additional 573 shares during the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT opened at $48.88 on Thursday. The company’s fifty day moving average price is $53.46 and its 200-day moving average price is $51.97. Fidelity MSCI Materials Index ETF has a 1-year low of $45.83 and a 1-year high of $55.28. The firm has a market capitalization of $493.69 million, a PE ratio of 15.76 and a beta of 0.92.

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.