Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management decreased its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,292 shares of the company’s stock after selling 426 shares during the period. Smith Salley Wealth Management owned about 0.13% of Fidelity MSCI Materials Index ETF worth $641,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Fidelity MSCI Materials Index ETF by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock worth $22,942,000 after purchasing an additional 51,642 shares in the last quarter. Cetera Investment Advisers boosted its position in Fidelity MSCI Materials Index ETF by 13.9% during the second quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock worth $10,624,000 after acquiring an additional 26,169 shares during the last quarter. Lifeworks Advisors LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at about $1,154,000. Certified Advisory Corp grew its position in shares of Fidelity MSCI Materials Index ETF by 23.6% in the fourth quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock valued at $4,079,000 after purchasing an additional 16,170 shares in the last quarter. Finally, Elevated Capital Advisors LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 117.7% in the fourth quarter. Elevated Capital Advisors LLC now owns 24,178 shares of the company’s stock valued at $1,165,000 after purchasing an additional 13,073 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Fidelity MSCI Materials Index ETF stock opened at $50.48 on Monday. The stock has a market cap of $509.85 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. The firm has a 50 day simple moving average of $51.00 and a 200-day simple moving average of $51.73. Fidelity MSCI Materials Index ETF has a 1-year low of $45.83 and a 1-year 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.