Lido Advisors LLC raised its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 654,663 shares of the company’s stock after purchasing an additional 30,472 shares during the period. Lido Advisors LLC owned approximately 6.42% of Fidelity MSCI Materials Index ETF worth $37,735,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of FMAT. Cetera Investment Advisers increased its holdings in shares of Fidelity MSCI Materials Index ETF by 614.1% during the 1st quarter. Cetera Investment Advisers now owns 100,986 shares of the company’s stock worth $5,821,000 after purchasing an additional 86,844 shares during the period. Modera Wealth Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter valued at about $213,000. Beaumont Financial Advisors LLC grew its position in Fidelity MSCI Materials Index ETF by 11.6% during the first quarter. Beaumont Financial Advisors LLC now owns 30,951 shares of the company’s stock worth $1,784,000 after buying an additional 3,206 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Fidelity MSCI Materials Index ETF during the first quarter worth about $2,866,000. Finally, Fifth Third Bancorp grew its position in Fidelity MSCI Materials Index ETF by 813.2% during the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after buying an additional 1,667 shares in the last quarter.
Fidelity MSCI Materials Index ETF Stock Up 1.4%
Shares of FMAT opened at $57.79 on Thursday. 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 market capitalization of $583.68 million, a price-to-earnings ratio of 23.26 and a beta of 0.97. The stock’s 50-day moving average price is $58.67 and its 200 day moving average price is $58.87.
About Fidelity MSCI Materials Index ETF
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.
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