Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Stock Position Decreased by Peak Financial Management Inc.

Peak Financial Management Inc. cut its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 65.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,373 shares of the company’s stock after selling 97,936 shares during the period. Peak Financial Management Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $2,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 11,820.0% during the 3rd quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $65,000 after purchasing an additional 1,182 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at approximately $69,000. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $169,000. Signal Advisors Wealth LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $255,000. Finally, Wealthgarden F.S. LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at approximately $279,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT stock traded up $0.02 during trading on Tuesday, reaching $54.42. The company had a trading volume of 44,831 shares, compared to its average volume of 36,531. The firm’s 50 day simple moving average is $52.09 and its two-hundred day simple moving average is $51.25. Fidelity MSCI Materials Index ETF has a one year low of $41.62 and a one year high of $54.94. The company has a market capitalization of $549.64 million, a PE ratio of 15.76 and a beta of 0.92.

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.