Smith Salley Wealth Management Lowers Stock Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Smith Salley Wealth Management trimmed its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,292 shares of the company’s stock after selling 426 shares during the period. Smith Salley Wealth Management’s holdings in Fidelity MSCI Materials Index ETF were worth $641,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FMAT. Decker Retirement Planning Inc. acquired a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth about $33,000. CWM LLC grew its holdings 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 during the period. Freedom Investment Management Inc. acquired a new stake in Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $208,000. Kestra Investment Management LLC purchased a new position in Fidelity MSCI Materials Index ETF in the third quarter valued at approximately $225,000. Finally, Centennial Wealth Advisory LLC acquired a new position in Fidelity MSCI Materials Index ETF during the third quarter valued at approximately $237,000.

Fidelity MSCI Materials Index ETF Stock Up 0.7 %

FMAT opened at $50.48 on Monday. The company has a 50 day moving average of $51.00 and a two-hundred day moving average of $51.73. Fidelity MSCI Materials Index ETF has a 52-week low of $45.83 and a 52-week high of $55.28. The company has a market cap of $509.85 million, a P/E ratio of 15.76 and a beta of 0.92.

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.