Sweeney & Michel LLC Takes $320,000 Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Sweeney & Michel LLC bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,174 shares of the company’s stock, valued at approximately $320,000. Sweeney & Michel LLC owned approximately 0.06% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC lifted its position in Fidelity MSCI Materials Index ETF by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock worth $1,494,000 after buying an additional 636 shares in the last quarter. Sachetta LLC purchased a new position in Fidelity MSCI Materials Index ETF during the fourth quarter worth approximately $36,000. Lynch & Associates IN lifted its position in Fidelity MSCI Materials Index ETF by 11.2% during the first quarter. Lynch & Associates IN now owns 8,601 shares of the company’s stock worth $450,000 after buying an additional 863 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Fidelity MSCI Materials Index ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 26,361 shares of the company’s stock worth $1,381,000 after buying an additional 889 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in Fidelity MSCI Materials Index ETF by 7.9% during the first quarter. J.W. Cole Advisors Inc. now owns 16,974 shares of the company’s stock worth $889,000 after buying an additional 1,245 shares in the last quarter.

Fidelity MSCI Materials Index ETF Trading Down 0.1 %

FMAT stock traded down $0.05 during midday trading on Tuesday, hitting $51.66. 26,144 shares of the company’s stock were exchanged, compared to its average volume of 37,540. The business has a 50-day simple moving average of $50.51 and a two-hundred day simple moving average of $49.99. The stock has a market capitalization of $521.77 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 $52.77.

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.