Belpointe Asset Management LLC Buys New Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Belpointe Asset Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMATGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,212 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently added to or reduced their stakes in FMAT. JPMorgan Chase & Co. bought a new stake in Fidelity MSCI Materials Index ETF during the 1st quarter valued at approximately $192,000. Raymond James Financial Services Advisors Inc. raised its holdings in Fidelity MSCI Materials Index ETF by 9.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 22,933 shares of the company’s stock valued at $1,139,000 after acquiring an additional 2,008 shares in the last quarter. Beaumont Capital Management LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $6,991,000. International Assets Investment Management LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $375,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Fidelity MSCI Materials Index ETF in the 1st quarter valued at approximately $312,000.

Fidelity MSCI Materials Index ETF Stock Down 1.3 %

Fidelity MSCI Materials Index ETF stock opened at $43.51 on Wednesday. The business has a 50 day moving average price of $44.51 and a two-hundred day moving average price of $45.28. The stock has a market cap of $452.50 million, a price-to-earnings ratio of 11.96 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a 12 month low of $37.43 and a 12 month high of $49.50.

Fidelity MSCI Materials Index ETF Profile

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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.

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Institutional Ownership by Quarter for Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

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