Fidelity MSCI Materials Index ETF $FMAT Position Reduced by Modern Wealth Management LLC

Modern Wealth Management LLC trimmed its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 74.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,480 shares of the company’s stock after selling 24,298 shares during the quarter. Modern Wealth Management LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $445,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Caldwell Trust Co acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $27,000. Howe & Rusling Inc. acquired a new position in Fidelity MSCI Materials Index ETF in the 2nd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. grew its position in Fidelity MSCI Materials Index ETF by 33.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after purchasing an additional 352 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Fidelity MSCI Materials Index ETF during the 2nd quarter worth approximately $91,000.

Fidelity MSCI Materials Index ETF Stock Up 0.5%

Shares of NYSEARCA:FMAT opened at $58.22 on Tuesday. The company’s fifty day moving average is $58.95 and its two-hundred day moving average is $54.43. The company has a market cap of $512.34 million, a P/E ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a 12-month low of $41.39 and a 12-month high of $62.84.

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.