Corient Private Wealth LLC Sells 737 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Corient Private Wealth LLC lessened its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,769 shares of the company’s stock after selling 737 shares during the quarter. Corient Private Wealth LLC owned 0.27% of Fidelity MSCI Materials Index ETF worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter valued at $33,000. Global Retirement Partners LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 497.8% during the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after buying an additional 677 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Fidelity MSCI Materials Index ETF by 360.9% in the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after buying an additional 895 shares in the last quarter. Cullen Frost Bankers Inc. raised its position 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 worth $71,000 after buying an additional 776 shares during the last quarter. Finally, Freedom Investment Management Inc. bought a new position in Fidelity MSCI Materials Index ETF during the 3rd quarter valued at about $208,000.

Fidelity MSCI Materials Index ETF Stock Up 0.1 %

Shares of FMAT stock opened at $49.04 on Wednesday. The company has a 50 day moving average price of $50.09 and a 200-day moving average price of $51.46. Fidelity MSCI Materials Index ETF has a 52 week low of $47.34 and a 52 week high of $55.28. The firm has a market capitalization of $527.18 million, a PE ratio of 24.29 and a beta of 1.13.

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.