Kovitz Investment Group Partners LLC Acquires 43,872 Shares of Fidelity MSCI Materials Index ETF $FMAT

Kovitz Investment Group Partners LLC grew its holdings in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 83.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,473 shares of the company’s stock after acquiring an additional 43,872 shares during the period. Kovitz Investment Group Partners LLC owned about 1.10% of Fidelity MSCI Materials Index ETF worth $5,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in Fidelity MSCI Materials Index ETF during the fourth quarter valued at $35,000. Optima Capital LLC bought a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Materials Index ETF by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after buying an additional 352 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter worth about $83,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Fidelity MSCI Materials Index ETF in the second quarter worth about $91,000.

Fidelity MSCI Materials Index ETF Price Performance

FMAT stock opened at $59.72 on Friday. Fidelity MSCI Materials Index ETF has a twelve month low of $48.50 and a twelve month high of $62.84. The stock has a market cap of $609.14 million, a P/E ratio of 23.26 and a beta of 0.96. The business’s 50-day moving average price is $59.50 and its 200-day moving average price is $57.94.

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.