Atria Investments Inc Sells 4,630 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Atria Investments Inc reduced its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 38.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,358 shares of the company’s stock after selling 4,630 shares during the period. Atria Investments Inc’s holdings in Fidelity MSCI Materials Index ETF were worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Materials Index ETF by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,938 shares of the company’s stock worth $1,460,000 after buying an additional 1,833 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Fidelity MSCI Materials Index ETF by 25.7% in the fourth quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock worth $1,854,000 after acquiring an additional 7,872 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 4.3% during the third quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock valued at $314,000 after acquiring an additional 241 shares in the last quarter. MML Investors Services LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 20.6% in the 3rd quarter. MML Investors Services LLC now owns 7,810 shares of the company’s stock worth $423,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Sachetta LLC boosted its stake in Fidelity MSCI Materials Index ETF by 5,331.7% in the 4th quarter. Sachetta LLC now owns 36,284 shares of the company’s stock worth $1,749,000 after purchasing an additional 35,616 shares in the last quarter.

Fidelity MSCI Materials Index ETF Trading Up 1.7 %

Fidelity MSCI Materials Index ETF stock opened at $48.74 on Monday. The firm has a market cap of $533.70 million, a price-to-earnings ratio of 23.92 and a beta of 1.13. Fidelity MSCI Materials Index ETF has a 12 month low of $47.34 and a 12 month high of $55.28. The stock has a fifty day simple moving average of $49.97 and a two-hundred day simple moving average of $51.60.

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.