AGF Management Ltd. Has $3.71 Million Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

AGF Management Ltd. increased its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,950 shares of the company’s stock after purchasing an additional 12,522 shares during the period. AGF Management Ltd. owned approximately 0.76% of Fidelity MSCI Materials Index ETF worth $3,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FMAT. Lifeworks Advisors LLC increased its stake in Fidelity MSCI Materials Index ETF by 26.8% during the 4th quarter. Lifeworks Advisors LLC now owns 26,988 shares of the company’s stock worth $1,301,000 after acquiring an additional 5,697 shares during the period. Raymond James Financial Inc. bought a new position in Fidelity MSCI Materials Index ETF during the 4th quarter worth $600,000. Cullen Frost Bankers Inc. increased its stake in Fidelity MSCI Materials Index ETF by 111.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock worth $71,000 after acquiring an additional 776 shares during the period. Bank of New York Mellon Corp increased its stake in Fidelity MSCI Materials Index ETF by 107.3% during the 4th quarter. Bank of New York Mellon Corp now owns 40,208 shares of the company’s stock worth $1,938,000 after acquiring an additional 20,810 shares during the period. Finally, Wealthgarden F.S. LLC bought a new position in Fidelity MSCI Materials Index ETF during the 4th quarter worth $279,000.

Fidelity MSCI Materials Index ETF Price Performance

Fidelity MSCI Materials Index ETF stock opened at $48.17 on Thursday. The stock’s fifty day moving average price is $49.95 and its two-hundred day moving average price is $51.66. Fidelity MSCI Materials Index ETF has a one year low of $47.34 and a one year high of $55.28. The firm has a market cap of $527.46 million, a PE ratio of 23.92 and a beta of 1.13.

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.