Wealthgarden F.S. LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,785 shares of the company’s stock, valued at approximately $279,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Decker Retirement Planning Inc. acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth about $33,000. Global Retirement Partners LLC raised its holdings in Fidelity MSCI Materials Index ETF by 497.8% in the 4th quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after acquiring an additional 677 shares during the period. Sound Income Strategies LLC lifted its position in Fidelity MSCI Materials Index ETF by 360.9% during the fourth quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after acquiring an additional 895 shares during the last quarter. CWM LLC lifted its position in 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 worth $65,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter worth approximately $208,000.
Fidelity MSCI Materials Index ETF Trading Down 1.9 %
Fidelity MSCI Materials Index ETF stock opened at $50.04 on Friday. The company has a market capitalization of $505.40 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 12 month low of $47.34 and a 12 month high of $55.28. The stock’s 50 day moving average is $49.80 and its 200-day moving average is $51.75.
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.
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