Tocqueville Asset Management L.P. bought a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 33,485 shares of the company’s stock, valued at approximately $1,614,000.
A number of other hedge funds also recently bought and sold shares of the company. Meridian Wealth Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at approximately $250,000. Certified Advisory Corp boosted its holdings in Fidelity MSCI Materials Index ETF by 16.0% in the 3rd quarter. Certified Advisory Corp now owns 68,465 shares of the company’s stock valued at $3,711,000 after purchasing an additional 9,443 shares during the period. Freedom Investment Management Inc. bought a new stake in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $208,000. Flow Traders U.S. LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the 3rd quarter worth $249,000. Finally, Kestra Investment Management LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth about $225,000.
Fidelity MSCI Materials Index ETF Stock Performance
Shares of FMAT opened at $49.45 on Thursday. The company has a 50-day simple moving average of $50.05 and a 200-day simple moving average of $51.53. Fidelity MSCI Materials Index ETF has a 52 week low of $47.34 and a 52 week high of $55.28. The firm has a market capitalization of $541.48 million, a P/E ratio of 23.92 and a beta of 1.13.
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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