Peak Financial Management Inc. Sells 3,917 Shares of Fidelity MSCI Materials Index ETF $FMAT

Peak Financial Management Inc. cut its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,759 shares of the company’s stock after selling 3,917 shares during the quarter. Peak Financial Management Inc. owned about 0.50% of Fidelity MSCI Materials Index ETF worth $2,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMAT. AE Wealth Management LLC boosted its stake in Fidelity MSCI Materials Index ETF by 13.1% in the first quarter. AE Wealth Management LLC now owns 909,549 shares of the company’s stock valued at $43,949,000 after acquiring an additional 105,002 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the first quarter worth $1,063,000. LPL Financial LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 19.0% during the first quarter. LPL Financial LLC now owns 131,000 shares of the company’s stock worth $6,330,000 after purchasing an additional 20,946 shares in the last quarter. Penobscot Wealth Management bought a new position in shares of Fidelity MSCI Materials Index ETF during the first quarter worth $839,000. Finally, Certified Advisory Corp boosted its position in shares of Fidelity MSCI Materials Index ETF by 12.1% during the first quarter. Certified Advisory Corp now owns 94,857 shares of the company’s stock worth $4,583,000 after purchasing an additional 10,222 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 0.9%

Shares of NYSEARCA FMAT opened at $52.74 on Thursday. The company’s fifty day moving average is $52.27 and its 200-day moving average is $49.97. The stock has a market cap of $432.47 million, a price-to-earnings ratio of 23.26 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a twelve month low of $41.39 and a twelve month 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.