Brookstone Capital Management Lowers Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Brookstone Capital Management decreased its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Get Rating) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,715 shares of the company’s stock after selling 948 shares during the period. Brookstone Capital Management owned approximately 0.73% of Fidelity MSCI Materials Index ETF worth $3,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FMAT. AE Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter worth about $7,894,000. Beaumont Capital Management LLC purchased a new position in Fidelity MSCI Materials Index ETF in the first quarter valued at about $6,991,000. Citadel Advisors LLC purchased a new position in Fidelity MSCI Materials Index ETF in the third quarter valued at about $2,441,000. Mather Group LLC. purchased a new position in Fidelity MSCI Materials Index ETF in the second quarter valued at about $2,036,000. Finally, Jane Street Group LLC purchased a new position in Fidelity MSCI Materials Index ETF in the second quarter valued at about $1,879,000.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of FMAT opened at $42.50 on Friday. The company has a market capitalization of $418.63 million, a P/E ratio of 11.96 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a one year low of $37.43 and a one year high of $51.43. The stock has a 50-day moving average price of $46.36 and a 200 day moving average price of $43.92.

About Fidelity MSCI Materials Index ETF

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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.