Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC decreased its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,224 shares of the company’s stock after selling 1,628 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $2,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FMAT. Decker Retirement Planning Inc. acquired a new position in Fidelity MSCI Materials Index ETF during the 4th quarter valued at approximately $33,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 342 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 497.8% in the 4th 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. Sound Income Strategies LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 360.9% in the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock valued at $55,000 after acquiring an additional 895 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 111.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after acquiring an additional 776 shares during the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

FMAT stock opened at $46.97 on Tuesday. The firm’s fifty day simple moving average is $47.62 and its 200-day simple moving average is $50.21. The company has a market capitalization of $396.90 million, a P/E ratio of 24.24 and a beta of 1.10. Fidelity MSCI Materials Index ETF has a 12 month low of $41.39 and a 12 month high of $55.28.

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.