Beaumont Financial Advisors LLC Acquires New Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Beaumont Financial Advisors LLC acquired a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the fourth quarter, Holdings Channel.com reports. The fund acquired 28,265 shares of the company’s stock, valued at approximately $1,378,000.

Other hedge funds have also recently modified their holdings of the company. Coppell Advisory Solutions Corp. purchased a new position in Fidelity MSCI Materials Index ETF during the fourth quarter worth about $51,000. Coppell Advisory Solutions LLC purchased a new position in Fidelity MSCI Materials Index ETF during the second quarter worth about $55,000. Stone House Investment Management LLC purchased a new position in Fidelity MSCI Materials Index ETF during the third quarter worth about $56,000. Comerica Bank purchased a new position in Fidelity MSCI Materials Index ETF during the third quarter worth about $86,000. Finally, UBS Group AG boosted its stake in Fidelity MSCI Materials Index ETF by 27.5% during the second quarter. UBS Group AG now owns 2,185 shares of the company’s stock worth $89,000 after buying an additional 471 shares during the period.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT stock opened at $50.03 on Friday. The firm has a market cap of $500.30 million, a PE ratio of 14.39 and a beta of 1.12. The company has a 50-day moving average of $50.29 and a two-hundred day moving average of $47.30. Fidelity MSCI Materials Index ETF has a 1-year low of $41.62 and a 1-year high of $52.77.

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.