Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Stock Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 107.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 40,208 shares of the company’s stock after acquiring an additional 20,810 shares during the period. Bank of New York Mellon Corp’s holdings in Fidelity MSCI Materials Index ETF were worth $1,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMAT. Centennial Wealth Advisory LLC grew its stake in shares of Fidelity MSCI Materials Index ETF by 5.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,598 shares of the company’s stock worth $222,000 after purchasing an additional 221 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Fidelity MSCI Materials Index ETF by 4.3% during the third quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock valued at $314,000 after purchasing an additional 241 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Fidelity MSCI Materials Index ETF by 2.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,891 shares of the company’s stock valued at $718,000 after purchasing an additional 358 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Fidelity MSCI Materials Index ETF by 497.8% in the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after acquiring an additional 677 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $33,000.

Fidelity MSCI Materials Index ETF Stock Down 1.6 %

NYSEARCA FMAT opened at $48.25 on Friday. The company has a 50 day moving average price of $50.08 and a two-hundred day moving average price of $51.48. Fidelity MSCI Materials Index ETF has a 12-month low of $47.34 and a 12-month high of $55.28. The stock has a market capitalization of $518.69 million, a PE ratio of 24.29 and a beta of 1.13.

Fidelity MSCI Materials Index ETF 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.