Stifel Financial Corp Sells 433 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Stifel Financial Corp reduced its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,659 shares of the company’s stock after selling 433 shares during the quarter. Stifel Financial Corp owned 0.37% of Fidelity MSCI Materials Index ETF worth $2,041,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Smith Salley Wealth Management lifted its position in shares of Fidelity MSCI Materials Index ETF by 32.6% in the 2nd quarter. Smith Salley Wealth Management now owns 13,313 shares of the company’s stock worth $658,000 after acquiring an additional 3,276 shares during the period. Commonwealth Equity Services LLC boosted its stake in Fidelity MSCI Materials Index ETF by 21.4% during the second quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock worth $6,081,000 after buying an additional 21,683 shares in the last quarter. Lynch & Associates IN increased its holdings in Fidelity MSCI Materials Index ETF by 6.6% in the 2nd quarter. Lynch & Associates IN now owns 9,167 shares of the company’s stock valued at $453,000 after buying an additional 566 shares during the period. Wealthgarden F.S. LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at $279,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock worth $22,942,000 after acquiring an additional 51,642 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of Fidelity MSCI Materials Index ETF stock opened at $48.36 on Friday. Fidelity MSCI Materials Index ETF has a twelve month low of $45.83 and a twelve month high of $55.28. The firm has a market cap of $488.44 million, a P/E ratio of 15.76 and a beta of 0.92. The firm’s 50-day simple moving average is $53.26 and its 200-day simple moving average is $51.93.

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.