Lido Advisors LLC Raises Stock Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Lido Advisors LLC grew its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 526,287 shares of the company’s stock after purchasing an additional 23,104 shares during the period. Lido Advisors LLC owned about 5.21% of Fidelity MSCI Materials Index ETF worth $25,362,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings 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 worth $27,649,000 after buying an additional 23,663 shares during the period. Centerline Wealth Advisors LLC purchased a new position in Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $7,639,000. LPL Financial LLC increased its holdings in Fidelity MSCI Materials Index ETF by 5.7% during the 4th quarter. LPL Financial LLC now owns 110,054 shares of the company’s stock valued at $5,304,000 after purchasing an additional 5,970 shares during the period. Certified Advisory Corp increased its holdings in Fidelity MSCI Materials Index ETF by 23.6% during the 4th quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock valued at $4,079,000 after purchasing an additional 16,170 shares during the period. Finally, AGF Management Ltd. increased its holdings in Fidelity MSCI Materials Index ETF by 19.4% during the 4th quarter. AGF Management Ltd. now owns 76,950 shares of the company’s stock valued at $3,708,000 after purchasing an additional 12,522 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $46.85 on Monday. The stock’s 50 day simple moving average is $47.70 and its two-hundred day simple moving average is $50.26. The stock has a market cap of $395.88 million, a price-to-earnings ratio of 24.24 and a beta of 1.10. Fidelity MSCI Materials Index ETF has a fifty-two week low of $41.39 and a fifty-two week high of $55.28.

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.