Fidelity MSCI Materials Index ETF $FMAT Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. lowered its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 3.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 16,543 shares of the company’s stock after selling 563 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $825,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 60.9% in the first quarter. Sound Income Strategies LLC now owns 1,839 shares of the company’s stock worth $89,000 after acquiring an additional 696 shares during the last quarter. CX Institutional acquired a new position in Fidelity MSCI Materials Index ETF in the 1st quarter valued at about $112,000. IFP Advisors Inc lifted its holdings in Fidelity MSCI Materials Index ETF by 68.6% in the 1st quarter. IFP Advisors Inc now owns 2,537 shares of the company’s stock valued at $123,000 after purchasing an additional 1,032 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Fidelity MSCI Materials Index ETF by 1,778.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,480 shares of the company’s stock worth $124,000 after purchasing an additional 2,348 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 263.1% during the 1st quarter. CWM LLC now owns 4,560 shares of the company’s stock worth $220,000 after purchasing an additional 3,304 shares during the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA:FMAT opened at $52.59 on Friday. The firm has a 50 day simple moving average of $52.19 and a 200-day simple moving average of $49.90. The firm has a market cap of $431.24 million, a PE ratio of 23.26 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $55.28.

Fidelity MSCI Materials Index ETF Company 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.