Cwm LLC Has $102,000 Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Cwm LLC lessened its holdings in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 70.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,085 shares of the company’s stock after selling 5,043 shares during the quarter. Cwm LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FMAT. Certified Advisory Corp increased its holdings in Fidelity MSCI Materials Index ETF by 28.5% in the third quarter. Certified Advisory Corp now owns 47,319 shares of the company’s stock valued at $2,091,000 after purchasing an additional 10,496 shares during the last quarter. LPL Financial LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 12.3% in the 3rd quarter. LPL Financial LLC now owns 90,678 shares of the company’s stock valued at $4,007,000 after acquiring an additional 9,964 shares during the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the 4th quarter valued at approximately $275,000. Tower Research Capital LLC TRC boosted its stake in Fidelity MSCI Materials Index ETF by 589,750.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,797 shares of the company’s stock worth $521,000 after acquiring an additional 11,795 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new position in Fidelity MSCI Materials Index ETF during the third quarter valued at approximately $715,000.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of NYSEARCA:FMAT opened at $50.85 on Tuesday. Fidelity MSCI Materials Index ETF has a 52 week low of $41.62 and a 52 week high of $52.77. The company has a 50 day moving average price of $50.81 and a two-hundred day moving average price of $47.90. The company has a market capitalization of $513.59 million, a PE ratio of 15.43 and a beta of 0.97.

About Fidelity MSCI Materials Index ETF

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.