Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Holdings Cut by Cwm LLC

Cwm LLC reduced its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 70.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,085 shares of the company’s stock after selling 5,043 shares during the period. Cwm LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $102,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in Fidelity MSCI Materials Index ETF by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 354,807 shares of the company’s stock valued at $15,679,000 after purchasing an additional 59,047 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the 4th quarter valued at approximately $2,421,000. Lido Advisors LLC increased its holdings in Fidelity MSCI Materials Index ETF by 7.8% in the third quarter. Lido Advisors LLC now owns 474,023 shares of the company’s stock worth $20,947,000 after buying an additional 34,247 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in Fidelity MSCI Materials Index ETF during the fourth quarter valued at approximately $1,378,000. Finally, Lincoln National Corp lifted its stake in Fidelity MSCI Materials Index ETF by 307.0% in the third quarter. Lincoln National Corp now owns 21,920 shares of the company’s stock valued at $969,000 after acquiring an additional 16,534 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 0.7 %

Shares of FMAT opened at $50.85 on Tuesday. The firm has a market cap of $513.59 million, a price-to-earnings ratio of 15.43 and a beta of 0.97. The company’s fifty day moving average is $50.81 and its 200-day moving average is $47.90. Fidelity MSCI Materials Index ETF has a 12 month low of $41.62 and a 12 month high of $52.77.

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.