Mach 1 Financial Group LLC Buys Shares of 30,287 Fidelity MSCI Materials Index ETF $FMAT

Mach 1 Financial Group LLC bought a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,287 shares of the company’s stock, valued at approximately $1,609,000. Mach 1 Financial Group LLC owned 0.34% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Maxele Advisors LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 1.5% during the 4th quarter. Maxele Advisors LLC now owns 15,703 shares of the company’s stock valued at $834,000 after purchasing an additional 226 shares during the period. Meridian Wealth Management LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 6.1% during the 4th quarter. Meridian Wealth Management LLC now owns 4,268 shares of the company’s stock valued at $227,000 after purchasing an additional 246 shares during the period. Centennial Wealth Advisory LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 6.1% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,324 shares of the company’s stock valued at $283,000 after purchasing an additional 305 shares during the period. Vicus Capital raised its stake in shares of Fidelity MSCI Materials Index ETF by 5.3% during the 4th quarter. Vicus Capital now owns 6,189 shares of the company’s stock valued at $329,000 after purchasing an additional 312 shares during the period. Finally, Lynch & Associates IN raised its stake in shares of Fidelity MSCI Materials Index ETF by 2.9% during the 4th quarter. Lynch & Associates IN now owns 11,176 shares of the company’s stock valued at $594,000 after purchasing an additional 316 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

NYSEARCA:FMAT opened at $57.61 on Thursday. Fidelity MSCI Materials Index ETF has a 52-week low of $48.08 and a 52-week high of $62.84. The firm has a market cap of $587.62 million, a price-to-earnings ratio of 23.26 and a beta of 0.97. The business’s fifty day moving average is $58.55 and its 200 day moving average is $56.59.

Fidelity MSCI Materials Index ETF Company 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.