Lido Advisors LLC Acquires 642,267 Shares of Fidelity MSCI Materials Index ETF $FMAT

by · The Markets Daily

Lido Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 642,267 shares of the company’s stock, valued at approximately $35,800,000. Lido Advisors LLC owned about 6.24% of Fidelity MSCI Materials Index ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 1.8% during the 2nd quarter. NewEdge Advisors LLC now owns 11,810 shares of the company’s stock worth $691,000 after buying an additional 208 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 17,957 shares of the company’s stock valued at $1,001,000 after acquiring an additional 222 shares during the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 1.1% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 28,404 shares of the company’s stock valued at $1,583,000 after acquiring an additional 319 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 114.7% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 597 shares of the company’s stock valued at $33,000 after acquiring an additional 319 shares during the last quarter. Finally, Centerline Wealth Advisors LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 1.3% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 26,397 shares of the company’s stock worth $1,471,000 after acquiring an additional 333 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of NYSEARCA FMAT opened at $59.32 on Wednesday. The stock’s 50-day simple moving average is $57.81 and its 200-day simple moving average is $58.86. The firm has a market capitalization of $608.03 million, a PE ratio of 22.70 and a beta of 0.97. Fidelity MSCI Materials Index ETF has a fifty-two week low of $48.76 and a fifty-two week high of $62.84.

Fidelity MSCI Materials Index ETF Company Profile

(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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