HighTower Advisors LLC Trims Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

HighTower Advisors LLC lowered its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,623 shares of the company’s stock after selling 1,981 shares during the quarter. HighTower Advisors LLC owned approximately 0.15% of Fidelity MSCI Materials Index ETF worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FMAT. CWM LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 11,820.0% during the third quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $65,000 after acquiring an additional 1,182 shares in the last quarter. Freedom Investment Management Inc. purchased a new position in Fidelity MSCI Materials Index ETF during the 3rd quarter valued at $208,000. Kestra Investment Management LLC bought a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter worth $225,000. Centennial Wealth Advisory LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth about $237,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth about $249,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA FMAT opened at $48.88 on Thursday. Fidelity MSCI Materials Index ETF has a 1 year low of $45.83 and a 1 year high of $55.28. The stock has a market capitalization of $493.69 million, a P/E ratio of 15.76 and a beta of 0.92. The company’s 50-day moving average is $53.46 and its 200 day moving average is $51.97.

Fidelity MSCI Materials Index ETF 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.