33,485 Shares in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 33,485 shares of the company’s stock, valued at approximately $1,614,000. Tocqueville Asset Management L.P. owned approximately 0.33% of Fidelity MSCI Materials Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Centerline Wealth Advisors LLC acquired a new stake in Fidelity MSCI Materials Index ETF during the 4th quarter worth about $7,639,000. Sachetta LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 5,331.7% during the fourth quarter. Sachetta LLC now owns 36,284 shares of the company’s stock valued at $1,749,000 after acquiring an additional 35,616 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Fidelity MSCI Materials Index ETF by 107.3% during the fourth quarter. Bank of New York Mellon Corp now owns 40,208 shares of the company’s stock valued at $1,938,000 after acquiring an additional 20,810 shares during the period. Certified Advisory Corp lifted its position in shares of Fidelity MSCI Materials Index ETF by 23.6% in the 4th quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock valued at $4,079,000 after acquiring an additional 16,170 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 4th quarter worth approximately $734,000.

Fidelity MSCI Materials Index ETF Stock Up 0.6 %

Shares of Fidelity MSCI Materials Index ETF stock opened at $49.45 on Thursday. 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 cap of $541.48 million, a PE ratio of 23.92 and a beta of 1.13. The business has a fifty day simple moving average of $50.05 and a 200-day simple moving average of $51.53.

Fidelity MSCI Materials Index ETF Company 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.