KDK Private Wealth Management LLC Acquires New Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

KDK Private Wealth Management LLC bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,602 shares of the company’s stock, valued at approximately $366,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMAT. Raymond James Financial Inc. purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth about $600,000. Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Materials Index ETF by 4.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 573,750 shares of the company’s stock valued at $27,649,000 after purchasing an additional 23,663 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 99.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock valued at $33,000 after acquiring an additional 342 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Fidelity MSCI Materials Index ETF by 11.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 6,484 shares of the company’s stock worth $312,000 after purchasing an additional 685 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Fidelity MSCI Materials Index ETF by 28.9% in the 4th quarter. JPMorgan Chase & Co. now owns 34,710 shares of the company’s stock worth $1,673,000 after buying an additional 7,772 shares during the period.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA FMAT opened at $44.25 on Friday. The firm has a market capitalization of $398.25 million, a P/E ratio of 22.55 and a beta of 1.10. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $55.28. The business’s 50-day simple moving average is $48.83 and its 200-day simple moving average is $50.88.

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.