Equity Investment Corp Buys New Stake in Fidelity MSCI Materials Index ETF $FMAT

Equity Investment Corp bought a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,047 shares of the company’s stock, valued at approximately $560,000. Equity Investment Corp owned about 0.10% of Fidelity MSCI Materials Index ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 139.3% during the third quarter. Kestra Advisory Services LLC now owns 26,109 shares of the company’s stock worth $1,455,000 after acquiring an additional 15,199 shares during the period. Quest 10 Wealth Builders Inc. boosted its position in Fidelity MSCI Materials Index ETF by 114.7% in the third quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock worth $33,000 after purchasing an additional 319 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Fidelity MSCI Materials Index ETF in the third quarter worth $4,107,000. Pathway Financial Advisers LLC bought a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $46,000. Finally, Traynor Capital Management Inc. grew its stake in Fidelity MSCI Materials Index ETF by 29.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 19,656 shares of the company’s stock valued at $1,096,000 after purchasing an additional 4,443 shares during the period.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA:FMAT opened at $59.32 on Wednesday. Fidelity MSCI Materials Index ETF has a 1 year low of $48.76 and a 1 year high of $62.84. The company has a market capitalization of $608.03 million, a PE ratio of 22.70 and a beta of 0.97. The business has a fifty day moving average price of $57.81 and a two-hundred day moving average price of $58.86.

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.