Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 7.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,884 shares of the company’s stock after selling 909 shares during the period. Fmr LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $590,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its position in Fidelity MSCI Materials Index ETF by 11,820.0% in the 3rd quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $65,000 after purchasing an additional 1,182 shares in the last quarter. Centennial Wealth Advisory LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter worth about $237,000. Meridian Wealth Management LLC purchased a new position in Fidelity MSCI Materials Index ETF during the third quarter worth approximately $250,000. Sigma Planning Corp grew its holdings in Fidelity MSCI Materials Index ETF by 7.5% in 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 during the period. Finally, Wealthgarden F.S. LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at approximately $279,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA:FMAT opened at $48.88 on Thursday. The firm has a market capitalization of $493.69 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. The business’s 50 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.

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.