Lido Advisors LLC Has $28.60 Million Stake in Fidelity MSCI Materials Index ETF $FMAT

Lido Advisors LLC raised its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 5.0% during the second quarter, HoldingsChannel.com reports. The fund owned 573,567 shares of the company’s stock after buying an additional 27,172 shares during the quarter. Lido Advisors LLC owned 0.07% of Fidelity MSCI Materials Index ETF worth $28,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FMAT. Howe & Rusling Inc. acquired a new position in Fidelity MSCI Materials Index ETF in the second quarter valued at approximately $35,000. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at $36,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity MSCI Materials Index ETF by 33.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock valued at $70,000 after acquiring an additional 352 shares during the period. Jones Financial Companies Lllp boosted its stake in Fidelity MSCI Materials Index ETF by 1,778.8% during the first quarter. Jones Financial Companies Lllp now owns 2,480 shares of the company’s stock worth $124,000 after acquiring an additional 2,348 shares in the last quarter. Finally, GWN Securities Inc. acquired a new stake in Fidelity MSCI Materials Index ETF in the second quarter worth $237,000.

Fidelity MSCI Materials Index ETF Price Performance

FMAT stock opened at $52.00 on Friday. The company’s 50-day moving average is $51.20 and its 200-day moving average is $51.09. The stock has a market capitalization of $426.40 million, a PE ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a 1 year low of $41.39 and a 1 year high of $54.54.

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.