Beaumont Financial Advisors LLC Buys Shares of 27,737 Fidelity MSCI Materials Index ETF $FMAT

Beaumont Financial Advisors LLC purchased a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,737 shares of the company’s stock, valued at approximately $1,454,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caldwell Trust Co acquired a new stake in Fidelity MSCI Materials Index ETF during the 3rd quarter worth $26,000. Howe & Rusling Inc. acquired a new position in Fidelity MSCI Materials Index ETF in the second quarter valued at about $35,000. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter worth about $36,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity MSCI Materials Index ETF by 33.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after purchasing an additional 352 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter valued at about $91,000.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of FMAT opened at $55.82 on Friday. The firm has a market cap of $474.47 million, a P/E ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a twelve month low of $41.39 and a twelve month high of $56.05. The firm’s 50 day moving average price is $51.91 and its two-hundred day moving average price is $51.86.

Fidelity MSCI Materials Index ETF 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.