Tortoise Investment Management LLC Has $130,000 Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Tortoise Investment Management LLC decreased its holdings in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,667 shares of the company’s stock after selling 815 shares during the quarter. Tortoise Investment Management LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $130,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Focus Financial Network Inc. ADV acquired a new position in Fidelity MSCI Materials Index ETF during the fourth quarter worth about $778,000. Advisory Services Network LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 142.0% in the fourth quarter. Advisory Services Network LLC now owns 66,103 shares of the company’s stock valued at $3,222,000 after buying an additional 38,789 shares during the period. Certified Advisory Corp increased its stake in shares of Fidelity MSCI Materials Index ETF by 7.5% in the fourth quarter. Certified Advisory Corp now owns 50,856 shares of the company’s stock valued at $2,479,000 after buying an additional 3,537 shares during the period. Corient Private Wealth LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock valued at $1,494,000 after buying an additional 636 shares during the period. Finally, Sachetta LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $36,000.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of Fidelity MSCI Materials Index ETF stock traded down $0.59 on Friday, hitting $49.86. The stock had a trading volume of 28,246 shares, compared to its average volume of 36,093. The stock has a 50 day moving average of $50.95 and a 200 day moving average of $49.38. Fidelity MSCI Materials Index ETF has a twelve month low of $41.62 and a twelve month high of $52.77. The firm has a market capitalization of $503.59 million, a P/E 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.