Park Avenue Securities LLC Has $403,000 Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Park Avenue Securities LLC trimmed its holdings in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 78.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,344 shares of the company’s stock after selling 30,137 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its stake in Fidelity MSCI Materials Index ETF by 99.1% in the fourth 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 period. Global Retirement Partners LLC lifted its position in shares of 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 valued at $39,000 after purchasing an additional 677 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Fidelity MSCI Materials Index ETF by 111.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock worth $71,000 after buying an additional 776 shares in the last quarter. Avondale Wealth Management purchased a new position in Fidelity MSCI Materials Index ETF in the first quarter worth $121,000. Finally, Sweeney & Michel LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 1st quarter worth about $237,000.

Fidelity MSCI Materials Index ETF Stock Down 1.4%

Shares of FMAT stock opened at $49.35 on Friday. The company has a 50 day moving average of $47.77 and a 200-day moving average of $49.07. Fidelity MSCI Materials Index ETF has a 12-month low of $41.39 and a 12-month high of $55.28. The firm has a market cap of $419.48 million, a P/E ratio of 23.45 and a beta of 1.07.

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.