Bank of New York Mellon Corp Acquires Shares of 49,715 Fidelity MSCI Materials Index ETF $FMAT

Bank of New York Mellon Corp bought a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 49,715 shares of the company’s stock, valued at approximately $2,866,000.

Several other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of Fidelity MSCI Materials Index ETF by 813.2% in the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after acquiring an additional 1,667 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Fidelity MSCI Materials Index ETF by 334.0% in the 1st quarter. Kestra Advisory Services LLC now owns 8,416 shares of the company’s stock valued at $485,000 after acquiring an additional 6,477 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Fidelity MSCI Materials Index ETF by 40.3% in the 1st quarter. Essex Financial Services Inc. now owns 8,608 shares of the company’s stock valued at $496,000 after acquiring an additional 2,472 shares in the last quarter. Penobscot Wealth Management boosted its stake in Fidelity MSCI Materials Index ETF by 17.5% in the 1st quarter. Penobscot Wealth Management now owns 16,539 shares of the company’s stock worth $953,000 after purchasing an additional 2,458 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 1st quarter worth approximately $1,068,000.

Fidelity MSCI Materials Index ETF Stock Performance

NYSEARCA FMAT opened at $60.48 on Friday. Fidelity MSCI Materials Index ETF has a twelve month low of $48.76 and a twelve month high of $62.84. The stock has a market cap of $610.85 million, a price-to-earnings ratio of 23.26 and a beta of 0.97. The firm’s 50 day moving average price is $58.67 and its two-hundred day moving average price is $59.03.

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.