Peak Financial Management Inc. lessened its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,268 shares of the company’s stock after selling 8,411 shares during the period. Fidelity MSCI Materials Index ETF comprises about 2.4% of Peak Financial Management Inc.’s investment portfolio, making the stock its 16th largest position. Peak Financial Management Inc. owned approximately 1.48% of Fidelity MSCI Materials Index ETF worth $7,227,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in FMAT. Beaumont Capital Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter worth $6,991,000. Wells Fargo & Company MN boosted its holdings in Fidelity MSCI Materials Index ETF by 173.9% in the second quarter. Wells Fargo & Company MN now owns 159,659 shares of the company’s stock worth $7,450,000 after purchasing an additional 101,368 shares during the period. Citadel Advisors LLC acquired a new position in Fidelity MSCI Materials Index ETF in the third quarter worth $2,441,000. Envestnet Asset Management Inc. boosted its holdings in Fidelity MSCI Materials Index ETF by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 354,807 shares of the company’s stock worth $15,679,000 after purchasing an additional 59,047 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 121.7% in the second quarter. Orion Portfolio Solutions LLC now owns 84,653 shares of the company’s stock worth $3,950,000 after purchasing an additional 46,477 shares during the period.
Fidelity MSCI Materials Index ETF Price Performance
Fidelity MSCI Materials Index ETF stock opened at $52.37 on Friday. The company has a market cap of $523.70 million, a PE ratio of 14.39 and a beta of 1.12. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $46.62. Fidelity MSCI Materials Index ETF has a 12 month low of $41.62 and a 12 month high of $52.50.
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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