HighTower Advisors LLC lowered its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,137 shares of the company’s stock after selling 486 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $729,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FMAT. Freedom Investment Management Inc. acquired a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter worth $208,000. Flow Traders U.S. LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at approximately $249,000. Kestra Investment Management LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter worth $225,000. Orion Portfolio Solutions LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 4.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock worth $314,000 after acquiring an additional 241 shares during the period. Finally, MML Investors Services LLC boosted its stake in Fidelity MSCI Materials Index ETF by 20.6% during the 3rd quarter. MML Investors Services LLC now owns 7,810 shares of the company’s stock valued at $423,000 after purchasing an additional 1,332 shares in the last quarter.
Fidelity MSCI Materials Index ETF Trading Down 2.0 %
Shares of NYSEARCA FMAT opened at $47.95 on Friday. The company has a market capitalization of $515.46 million, a price-to-earnings ratio of 24.29 and a beta of 1.13. Fidelity MSCI Materials Index ETF has a twelve month low of $47.34 and a twelve month high of $55.28. The firm has a 50-day moving average of $50.00 and a two-hundred day moving average of $51.41.
Fidelity MSCI Materials Index ETF 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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Want to see what other hedge funds are holding FMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report).
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