American National Bank & Trust acquired a new stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,003 shares of the company’s stock, valued at approximately $725,000. American National Bank & Trust owned approximately 0.13% of Fidelity MSCI Materials Index ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in FMAT. Lido Advisors LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 4.9% during the first quarter. Lido Advisors LLC now owns 654,663 shares of the company’s stock valued at $37,735,000 after buying an additional 30,472 shares during the last quarter. Cetera Investment Advisers grew its holdings 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 worth $5,821,000 after acquiring 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 fourth quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock valued at $5,124,000 after acquiring an additional 43,872 shares during the period. Certified Advisory Corp boosted its position in Fidelity MSCI Materials Index ETF by 8.0% in the first 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 stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter valued at about $2,866,000.
Fidelity MSCI Materials Index ETF Stock Performance
Shares of FMAT stock traded down $0.84 during mid-day trading on Wednesday, reaching $56.17. 31,184 shares of the company’s stock traded hands, compared to its average volume of 56,756. The firm has a market capitalization of $572.99 million, a PE ratio of 23.26 and a beta of 0.97. The firm has a 50 day moving average price of $58.89 and a two-hundred day moving average price of $58.78. Fidelity MSCI Materials Index ETF has a 12 month low of $48.76 and a 12 month high of $62.84.
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.
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