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

Exchange Capital Management Inc. lessened its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,543 shares of the company’s stock after selling 563 shares during the period. Exchange Capital Management Inc. owned about 0.20% of Fidelity MSCI Materials Index ETF worth $825,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC lifted its position in shares of Fidelity MSCI Materials Index ETF by 3.9% during the 1st quarter. SeaCrest Wealth Management LLC now owns 15,478 shares of the company’s stock worth $748,000 after purchasing an additional 587 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the 1st quarter worth about $1,006,000. Wealthcare Advisory Partners LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the 1st quarter worth about $1,063,000. CX Institutional acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth about $112,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 60.9% in the 1st quarter. Sound Income Strategies LLC now owns 1,839 shares of the company’s stock valued at $89,000 after acquiring an additional 696 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 0.2%

FMAT stock opened at $52.59 on Friday. The business has a 50 day moving average price of $52.19 and a 200 day moving average price of $49.90. The stock has a market cap of $431.24 million, a price-to-earnings ratio of 23.26 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a fifty-two week low of $41.39 and a fifty-two week 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.