Fidelity MSCI Materials Index ETF $FMAT Shares Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC decreased its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 85.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,165 shares of the company’s stock after selling 12,919 shares during the period. Elevated Capital Advisors LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $121,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quest 10 Wealth Builders Inc. increased its stake in shares of Fidelity MSCI Materials Index ETF by 114.7% in the third quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock worth $33,000 after buying an additional 319 shares during the period. Pathway Financial Advisers LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the 3rd quarter valued at $46,000. Trust Co. of Vermont purchased a new stake in Fidelity MSCI Materials Index ETF during the 2nd quarter valued at $67,000. WestEnd Advisors LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the 3rd quarter valued at $71,000. Finally, Fifth Third Bancorp boosted its position in Fidelity MSCI Materials Index ETF by 813.2% during the 1st quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock valued at $108,000 after buying an additional 1,667 shares during the period.

Fidelity MSCI Materials Index ETF Stock Up 0.3%

Shares of Fidelity MSCI Materials Index ETF stock opened at $59.50 on Thursday. The firm has a market cap of $609.88 million, a PE ratio of 22.70 and a beta of 0.97. Fidelity MSCI Materials Index ETF has a 12-month low of $48.76 and a 12-month high of $62.84. The company’s fifty day simple moving average is $57.81 and its two-hundred day simple moving average is $58.86.

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.