Lido Advisors LLC Purchases 642,267 Shares of Fidelity MSCI Materials Index ETF $FMAT

Lido Advisors LLC purchased a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the third quarter, HoldingsChannel reports. The institutional investor purchased 642,267 shares of the company’s stock, valued at approximately $35,800,000. Lido Advisors LLC owned about 0.06% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest 10 Wealth Builders Inc. boosted its stake in Fidelity MSCI Materials Index ETF by 114.7% in the third quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock valued at $33,000 after acquiring an additional 319 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter worth about $46,000. Trust Co. of Vermont acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the second quarter worth about $67,000. WestEnd Advisors LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter worth about $71,000. Finally, Fifth Third Bancorp increased its position in shares of Fidelity MSCI Materials Index ETF by 813.2% during the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after purchasing an additional 1,667 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $59.32 on Wednesday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $48.76 and a fifty-two week high of $62.84. The company has a market capitalization of $608.03 million, a P/E ratio of 22.70 and a beta of 0.97. The stock has a 50-day simple moving average of $57.81 and a 200-day simple moving average of $58.86.

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.