Park Avenue Securities LLC Sells 30,137 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Park Avenue Securities LLC lessened its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 78.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,344 shares of the company’s stock after selling 30,137 shares during the period. Park Avenue Securities LLC owned about 0.09% of Fidelity MSCI Materials Index ETF worth $403,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its stake in Fidelity MSCI Materials Index ETF by 99.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock valued at $33,000 after buying an additional 342 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 497.8% during the 4th quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock worth $39,000 after buying an additional 677 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 111.3% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock worth $71,000 after acquiring an additional 776 shares during the last quarter. Avondale Wealth Management bought a new position in Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $121,000. Finally, Sweeney & Michel LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter valued at $237,000.

Fidelity MSCI Materials Index ETF Trading Down 1.4%

Fidelity MSCI Materials Index ETF stock opened at $49.35 on Friday. The stock has a 50-day moving average price of $47.77 and a two-hundred day moving average price of $49.07. Fidelity MSCI Materials Index ETF has a 12 month low of $41.39 and a 12 month high of $55.28. The company has a market capitalization of $419.48 million, a PE ratio of 23.45 and a beta of 1.07.

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.