Mach 1 Financial Group LLC Makes New $1.61 Million Investment in Fidelity MSCI Materials Index ETF $FMAT

Mach 1 Financial Group LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 30,287 shares of the company’s stock, valued at approximately $1,609,000.

Several other large investors also recently added to or reduced their stakes in FMAT. Atlantic Union Bankshares Corp bought a new stake in Fidelity MSCI Materials Index ETF during the third quarter worth approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth approximately $35,000. Optima Capital LLC bought a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Materials Index ETF by 33.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock valued at $70,000 after buying an additional 352 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Fidelity MSCI Materials Index ETF during the second quarter valued at approximately $91,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA:FMAT opened at $57.61 on Thursday. Fidelity MSCI Materials Index ETF has a 1 year low of $48.08 and a 1 year high of $62.84. The business has a 50 day simple moving average of $58.55 and a two-hundred day simple moving average of $56.59. The firm has a market capitalization of $587.62 million, a PE ratio of 23.26 and a beta of 0.97.

About Fidelity MSCI Materials Index ETF

(Free Report)

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.

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