American National Bank & Trust Makes New Investment in Fidelity MSCI Materials Index ETF $FMAT

American National Bank & Trust acquired a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,003 shares of the company’s stock, valued at approximately $725,000.

Several other institutional investors also recently bought and sold shares of FMAT. Lido Advisors LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 4.9% in the first quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock worth $37,735,000 after acquiring an additional 30,472 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity MSCI Materials Index ETF by 614.1% in the first quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock valued at $5,821,000 after purchasing an additional 86,844 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 83.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock valued at $5,124,000 after purchasing an additional 43,872 shares in the last quarter. Certified Advisory Corp boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 8.0% during the 1st quarter. Certified Advisory Corp now owns 81,285 shares of the company’s stock worth $4,685,000 after purchasing an additional 6,051 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Fidelity MSCI Materials Index ETF during the first quarter worth about $2,866,000.

Fidelity MSCI Materials Index ETF Stock Down 1.5%

Shares of FMAT traded down $0.84 during trading on Wednesday, reaching $56.17. 31,184 shares of the company traded hands, compared to its average volume of 56,756. Fidelity MSCI Materials Index ETF has a twelve month low of $48.76 and a twelve month high of $62.84. The stock has a 50-day simple moving average of $58.89 and a 200-day simple moving average of $58.78. The stock has a market cap of $572.99 million, a PE ratio of 23.26 and a beta of 0.97.

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.