Decker Retirement Planning Inc. acquired a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 689 shares of the company’s stock, valued at approximately $33,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMAT. CWM LLC increased 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. Freedom Investment Management Inc. purchased a new position in Fidelity MSCI Materials Index ETF during the third quarter worth $208,000. Kestra Investment Management LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter worth $225,000. Centennial Wealth Advisory LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at $237,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at $249,000.
Fidelity MSCI Materials Index ETF Trading Up 0.7 %
Shares of FMAT stock opened at $50.48 on Friday. The company has a market capitalization of $509.85 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. The firm has a 50-day moving average price of $51.00 and a 200 day moving average price of $51.69. Fidelity MSCI Materials Index ETF has a twelve month low of $45.83 and a twelve month high of $55.28.
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.
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Want to see what other hedge funds are holding FMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report).
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