Commonwealth Equity Services LLC Sells 1,890 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Commonwealth Equity Services LLC trimmed its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,680 shares of the company’s stock after selling 1,890 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.13% of Fidelity MSCI Materials Index ETF worth $5,478,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC grew its stake in Fidelity MSCI Materials Index ETF by 497.8% in the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after purchasing an additional 677 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 360.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after acquiring an additional 895 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of 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. Finally, Freedom Investment Management Inc. bought a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $208,000.

Fidelity MSCI Materials Index ETF Trading Down 1.6 %

Shares of NYSEARCA FMAT opened at $48.25 on Friday. 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 50 day moving average of $50.08 and a 200-day moving average of $51.48. The company has a market capitalization of $518.69 million, a P/E ratio of 24.29 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.