Elevated Capital Advisors LLC cut its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 85.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,165 shares of the company’s stock after selling 12,919 shares during the period. Elevated Capital Advisors LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $121,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. lifted its stake 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. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at about $46,000. Trust Co. of Vermont bought a new position in shares of Fidelity MSCI Materials Index ETF during the second quarter valued at about $67,000. WestEnd Advisors LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at about $71,000. Finally, Fifth Third Bancorp increased its holdings in shares of Fidelity MSCI Materials Index ETF by 813.2% in the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after buying an additional 1,667 shares during the period.
Fidelity MSCI Materials Index ETF Trading Up 0.3%
FMAT opened at $59.50 on Thursday. Fidelity MSCI Materials Index ETF has a 12 month low of $48.76 and a 12 month high of $62.84. The business’s 50-day moving average price is $57.81 and its 200-day moving average price is $58.86. The company has a market cap of $609.88 million, a P/E ratio of 22.70 and a beta of 0.97.
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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