CX Institutional Buys New Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

CX Institutional purchased a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,308 shares of the company’s stock, valued at approximately $112,000.

Other institutional investors also recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its position in shares of Fidelity MSCI Materials Index ETF by 6.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 19,623 shares of the company’s stock valued at $946,000 after acquiring an additional 1,191 shares during the period. Global Retirement Partners LLC boosted its position in Fidelity MSCI Materials Index ETF by 497.8% during the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock worth $39,000 after purchasing an additional 677 shares in the last quarter. Wealthgarden F.S. LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $279,000. Bank of New York Mellon Corp grew its holdings in Fidelity MSCI Materials Index ETF by 107.3% in the fourth quarter. Bank of New York Mellon Corp now owns 40,208 shares of the company’s stock valued at $1,938,000 after purchasing an additional 20,810 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position 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 valued at $71,000 after buying an additional 776 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT stock opened at $49.80 on Tuesday. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $55.28. The company has a market cap of $423.30 million, a price-to-earnings ratio of 23.45 and a beta of 1.07. The stock has a 50 day simple moving average of $47.93 and a 200-day simple moving average of $49.00.

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.