Elevated Capital Advisors LLC Makes New Investment in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Elevated Capital Advisors LLC acquired a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 3rd quarter, HoldingsChannel reports. The firm acquired 11,105 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its stake in shares of 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 valued at $65,000 after purchasing an additional 1,182 shares during the period. Gradient Investments LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at approximately $69,000. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $169,000. Wealthgarden F.S. LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at approximately $279,000. Finally, Sweeney & Michel LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $320,000.

Fidelity MSCI Materials Index ETF Stock Down 0.4 %

FMAT opened at $54.00 on Thursday. The stock has a market cap of $545.40 million, a PE ratio of 15.76 and a beta of 0.92. The business has a 50 day moving average of $52.79 and a 200-day moving average of $51.38. Fidelity MSCI Materials Index ETF has a 52 week low of $41.64 and a 52 week high of $55.28.

About Fidelity MSCI Materials Index ETF

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.