AGF Management Ltd. Acquires 12,522 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

AGF Management Ltd. grew its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 19.4% during the 4th quarter, HoldingsChannel reports. The firm owned 76,950 shares of the company’s stock after purchasing an additional 12,522 shares during the quarter. AGF Management Ltd.’s holdings in Fidelity MSCI Materials Index ETF were worth $3,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Centerline Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 4th quarter valued at $7,639,000. Certified Advisory Corp grew its position in Fidelity MSCI Materials Index ETF by 23.6% during the 4th quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock worth $4,079,000 after acquiring an additional 16,170 shares during the last quarter. Bank of New York Mellon Corp grew its position in Fidelity MSCI Materials Index ETF by 107.3% during the 4th quarter. Bank of New York Mellon Corp now owns 40,208 shares of the company’s stock worth $1,938,000 after acquiring an additional 20,810 shares during the last quarter. Park Avenue Securities LLC grew its position in Fidelity MSCI Materials Index ETF by 25.7% during the 4th quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock worth $1,854,000 after acquiring an additional 7,872 shares during the last quarter. Finally, Sachetta LLC grew its position in Fidelity MSCI Materials Index ETF by 5,331.7% during the 4th quarter. Sachetta LLC now owns 36,284 shares of the company’s stock worth $1,749,000 after acquiring an additional 35,616 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 0.3 %

Shares of FMAT stock opened at $48.17 on Thursday. The firm has a market capitalization of $527.46 million, a P/E ratio of 23.92 and a beta of 1.13. Fidelity MSCI Materials Index ETF has a twelve month low of $47.34 and a twelve month high of $55.28. The stock’s fifty day simple moving average is $49.95 and its 200 day simple moving average is $51.66.

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.