Wealthgarden F.S. LLC Takes Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Wealthgarden F.S. LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,654 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds also recently made changes to their positions in the stock. Lynch & Associates IN grew its stake in shares of Fidelity MSCI Materials Index ETF by 6.6% during the 2nd quarter. Lynch & Associates IN now owns 9,167 shares of the company’s stock valued at $453,000 after acquiring an additional 566 shares during the period. Mather Group LLC. grew its stake in shares of Fidelity MSCI Materials Index ETF by 1.9% during the 2nd quarter. Mather Group LLC. now owns 32,768 shares of the company’s stock valued at $1,716,000 after acquiring an additional 598 shares during the period. Corient Private Wealth LLC boosted its stake in Fidelity MSCI Materials Index ETF by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock worth $1,494,000 after purchasing an additional 636 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Fidelity MSCI Materials Index ETF by 5.4% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 14,130 shares of the company’s stock worth $698,000 after purchasing an additional 724 shares during the period. Finally, Sachetta LLC bought a new position in Fidelity MSCI Materials Index ETF in the 4th quarter worth approximately $36,000.

Fidelity MSCI Materials Index ETF Stock Performance

NYSEARCA FMAT opened at $50.81 on Thursday. The company has a market capitalization of $513.18 million, a P/E ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a one year low of $41.62 and a one year high of $52.94. The stock has a 50 day moving average price of $50.85 and a 200-day moving average price of $50.81.

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.