5,785 Shares in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Acquired by Wealthgarden F.S. LLC

Wealthgarden F.S. LLC bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,785 shares of the company’s stock, valued at approximately $279,000. Wealthgarden F.S. LLC owned about 0.06% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FMAT. Centerline Wealth Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $7,639,000. Certified Advisory Corp grew its holdings in shares of Fidelity MSCI Materials Index ETF by 23.6% during the fourth quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock worth $4,079,000 after purchasing an additional 16,170 shares during the last quarter. Park Avenue Securities LLC increased its position in Fidelity MSCI Materials Index ETF by 25.7% during the fourth quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock worth $1,854,000 after buying an additional 7,872 shares during the period. Sachetta LLC raised its position in Fidelity MSCI Materials Index ETF by 5,331.7% in the 4th quarter. Sachetta LLC now owns 36,284 shares of the company’s stock valued at $1,749,000 after purchasing an additional 35,616 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Fidelity MSCI Materials Index ETF by 12.5% in the third quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock valued at $1,630,000 after buying an additional 3,331 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 1.9 %

Shares of Fidelity MSCI Materials Index ETF stock opened at $50.04 on Friday. The company’s 50-day simple moving average is $49.80 and its 200-day simple moving average is $51.75. Fidelity MSCI Materials Index ETF has a 52-week low of $47.34 and a 52-week high of $55.28. The firm has a market cap of $505.40 million, a price-to-earnings ratio of 15.76 and a beta of 0.92.

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.