SeaCrest Wealth Management LLC Increases Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

SeaCrest Wealth Management LLC grew its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,533 shares of the company’s stock after buying an additional 403 shares during the period. SeaCrest Wealth Management LLC owned approximately 0.14% of Fidelity MSCI Materials Index ETF worth $788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in Fidelity MSCI Materials Index ETF by 1.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 26,746 shares of the company’s stock worth $1,322,000 after buying an additional 385 shares in the last quarter. Lynch & Associates IN raised its holdings in shares of Fidelity MSCI Materials Index ETF by 4.8% during the third quarter. Lynch & Associates IN now owns 9,607 shares of the company’s stock valued at $521,000 after purchasing an additional 440 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Fidelity MSCI Materials Index ETF by 3.4% during the second quarter. J.W. Cole Advisors Inc. now owns 17,547 shares of the company’s stock valued at $867,000 after purchasing an additional 573 shares during the last quarter. Mather Group LLC. lifted its position in Fidelity MSCI Materials Index ETF by 1.9% during the second quarter. Mather Group LLC. now owns 32,768 shares of the company’s stock valued at $1,716,000 after purchasing an additional 598 shares during the period. Finally, CWM LLC grew its position in Fidelity MSCI Materials Index ETF by 11,820.0% in 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 during the period.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA FMAT opened at $54.85 on Thursday. The stock has a market capitalization of $554.03 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 1-year low of $41.62 and a 1-year high of $54.94. The business’s fifty day moving average price is $52.19 and its 200-day moving average price is $51.26.

About Fidelity MSCI Materials Index ETF

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.