Peak Financial Management Inc. Trims Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Peak Financial Management Inc. reduced its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 65.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,373 shares of the company’s stock after selling 97,936 shares during the quarter. Peak Financial Management Inc. owned 0.51% of Fidelity MSCI Materials Index ETF worth $2,785,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lynch & Associates IN grew its holdings in Fidelity MSCI Materials Index ETF by 11.2% in the first quarter. Lynch & Associates IN now owns 8,601 shares of the company’s stock valued at $450,000 after purchasing an additional 863 shares during the period. Gradient Investments LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter worth approximately $69,000. Cetera Advisors LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter worth approximately $1,837,000. J.W. Cole Advisors Inc. boosted its stake in shares of Fidelity MSCI Materials Index ETF by 7.9% in the first quarter. J.W. Cole Advisors Inc. now owns 16,974 shares of the company’s stock worth $889,000 after acquiring an additional 1,245 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 24.4% in the second quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock worth $27,911,000 after acquiring an additional 110,641 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of NYSEARCA:FMAT traded up $0.02 during trading on Tuesday, reaching $54.42. The stock had a trading volume of 44,831 shares, compared to its average volume of 36,531. The business has a fifty day moving average price of $52.09 and a 200-day moving average price of $51.25. The stock has a market cap of $549.64 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 1-year low of $41.62 and a 1-year high of $54.94.

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.