JPMorgan Chase & Co. Boosts Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

JPMorgan Chase & Co. lifted its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 28.9% in the fourth quarter, Holdings Channel reports. The firm owned 34,710 shares of the company’s stock after buying an additional 7,772 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity MSCI Materials Index ETF were worth $1,673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FMAT. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $33,000. Global Retirement Partners LLC boosted its stake in shares of 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 worth $39,000 after acquiring an additional 677 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 360.9% during the fourth quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after purchasing an additional 895 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Fidelity MSCI Materials Index ETF by 111.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after purchasing an additional 776 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 5.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,598 shares of the company’s stock valued at $222,000 after purchasing an additional 221 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 0.6 %

Shares of FMAT opened at $46.85 on Friday. The firm’s fifty day moving average is $47.70 and its two-hundred day moving average is $50.31. The stock has a market cap of $421.65 million, a PE ratio of 22.55 and a beta of 1.10. Fidelity MSCI Materials Index ETF has a 52-week low of $41.39 and a 52-week high of $55.28.

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.