Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Stock Holdings Cut by Brookstone Capital Management

Brookstone Capital Management reduced its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Rating) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 71,715 shares of the company’s stock after selling 948 shares during the period. Brookstone Capital Management’s holdings in Fidelity MSCI Materials Index ETF were worth $3,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMAT. JPMorgan Chase & Co. bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth $192,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fidelity MSCI Materials Index ETF by 9.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,933 shares of the company’s stock worth $1,139,000 after acquiring an additional 2,008 shares in the last quarter. Beaumont Capital Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth $6,991,000. International Assets Investment Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth $375,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth $312,000.

Fidelity MSCI Materials Index ETF Stock Down 1.6 %

FMAT opened at $42.50 on Friday. The firm has a market cap of $418.63 million, a PE ratio of 11.96 and a beta of 1.12. The business has a fifty day simple moving average of $46.36 and a 200-day simple moving average of $43.92. Fidelity MSCI Materials Index ETF has a fifty-two week low of $37.43 and a fifty-two week high of $51.43.

About Fidelity MSCI Materials Index ETF

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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.