Sachetta LLC grew its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 5,331.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,284 shares of the company’s stock after buying an additional 35,616 shares during the period. Fidelity MSCI Materials Index ETF makes up approximately 0.7% of Sachetta LLC’s holdings, making the stock its 26th biggest position. Sachetta LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $1,749,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in FMAT. Decker Retirement Planning Inc. acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the fourth quarter worth $33,000. Sound Income Strategies LLC raised 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 acquiring an additional 895 shares during the period. CWM LLC lifted its position in Fidelity MSCI Materials Index ETF by 11,820.0% during the 3rd quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $65,000 after acquiring an additional 1,182 shares during the last quarter. Freedom Investment Management Inc. bought a new stake in Fidelity MSCI Materials Index ETF during the third quarter valued at about $208,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at about $225,000.
Fidelity MSCI Materials Index ETF Stock Down 0.1 %
NYSEARCA:FMAT opened at $50.88 on Friday. The firm has a market capitalization of $513.89 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 12-month low of $45.83 and a 12-month high of $55.28. The firm has a 50-day moving average price of $50.78 and a 200 day moving average price of $51.75.
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.
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