Fidelity MSCI Materials Index ETF $FMAT Shares Newly Bought by Equity Investment Corp

Equity Investment Corp bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,047 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMAT. Quest 10 Wealth Builders Inc. grew its position in shares of Fidelity MSCI Materials Index ETF by 114.7% during the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock valued at $33,000 after acquiring an additional 319 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $46,000. Trust Co. of Vermont bought a new stake in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter worth approximately $67,000. WestEnd Advisors LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $71,000. Finally, Fifth Third Bancorp raised its holdings in shares of Fidelity MSCI Materials Index ETF by 813.2% in the 1st quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after purchasing an additional 1,667 shares during the period.

Fidelity MSCI Materials Index ETF Trading Down 0.8%

Fidelity MSCI Materials Index ETF stock opened at $59.32 on Wednesday. Fidelity MSCI Materials Index ETF has a 12 month low of $48.76 and a 12 month high of $62.84. The business’s 50 day simple moving average is $57.81 and its 200 day simple moving average is $58.86. The company has a market cap of $608.03 million, a price-to-earnings ratio of 22.70 and a beta of 0.97.

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.