Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,852 shares of the company’s stock after selling 346 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $3,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FMAT. AE Wealth Management LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 24.4% during the 2nd quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock worth $27,911,000 after purchasing an additional 110,641 shares during the period. Envestnet Asset Management Inc. increased its position in Fidelity MSCI Materials Index ETF by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock worth $22,942,000 after buying an additional 51,642 shares during the period. Cetera Investment Advisers increased its position in Fidelity MSCI Materials Index ETF by 13.9% in the second quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock worth $10,624,000 after buying an additional 26,169 shares during the period. Commonwealth Equity Services LLC lifted its stake in Fidelity MSCI Materials Index ETF by 21.4% in the second quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock valued at $6,081,000 after buying an additional 21,683 shares during the last quarter. Finally, Lifeworks Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at $1,154,000.

Fidelity MSCI Materials Index ETF Stock Down 0.2 %

FMAT stock opened at $52.85 on Tuesday. The stock has a market cap of $533.79 million, a PE ratio of 15.76 and a beta of 0.92. The firm’s 50-day simple moving average is $53.70 and its 200 day simple moving average is $51.97. Fidelity MSCI Materials Index ETF has a fifty-two week low of $45.83 and a fifty-two week 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.