Lido Advisors LLC Has $37.73 Million Position in Fidelity MSCI Materials Index ETF $FMAT

Lido Advisors LLC raised its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 4.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 654,663 shares of the company’s stock after purchasing an additional 30,472 shares during the period. Lido Advisors LLC owned approximately 0.06% of Fidelity MSCI Materials Index ETF worth $37,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in shares of Fidelity MSCI Materials Index ETF by 614.1% in the 1st quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock valued at $5,821,000 after buying an additional 86,844 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter valued at about $213,000. Beaumont Financial Advisors LLC increased its stake in Fidelity MSCI Materials Index ETF by 11.6% in the first quarter. Beaumont Financial Advisors LLC now owns 30,951 shares of the company’s stock valued at $1,784,000 after acquiring an additional 3,206 shares during the period. Bank of New York Mellon Corp bought a new stake in Fidelity MSCI Materials Index ETF in the first quarter valued at about $2,866,000. Finally, Fifth Third Bancorp raised its position in Fidelity MSCI Materials Index ETF by 813.2% in the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after purchasing an additional 1,667 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 1.4%

NYSEARCA:FMAT opened at $57.79 on Thursday. The firm has a market capitalization of $583.68 million, a PE ratio of 23.26 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 firm has a 50-day moving average price of $58.67 and a 200 day moving average price of $58.87.

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.