Beaumont Financial Advisors LLC Takes Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Beaumont Financial Advisors LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,265 shares of the company’s stock, valued at approximately $1,378,000. Beaumont Financial Advisors LLC owned 0.28% of Fidelity MSCI Materials Index ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMAT. Stifel Financial Corp boosted its holdings in Fidelity MSCI Materials Index ETF by 0.7% in the 2nd quarter. Stifel Financial Corp now owns 35,949 shares of the company’s stock valued at $1,677,000 after purchasing an additional 238 shares during the period. Advisory Services Network LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 0.9% in the 1st quarter. Advisory Services Network LLC now owns 33,338 shares of the company’s stock valued at $1,520,000 after purchasing an additional 282 shares during the period. Lynch & Associates IN boosted its holdings in Fidelity MSCI Materials Index ETF by 4.8% in the 3rd quarter. Lynch & Associates IN now owns 7,270 shares of the company’s stock valued at $321,000 after purchasing an additional 331 shares during the period. UBS Group AG boosted its holdings in Fidelity MSCI Materials Index ETF by 27.5% in the 2nd quarter. UBS Group AG now owns 2,185 shares of the company’s stock valued at $89,000 after purchasing an additional 471 shares during the period. Finally, Strengthening Families & Communities LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 12.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 6,894 shares of the company’s stock valued at $305,000 after purchasing an additional 762 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $50.03 on Friday. The firm’s fifty day moving average price is $50.29 and its 200-day moving average price is $47.30. The stock has a market cap of $500.30 million, a P/E ratio of 14.39 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a fifty-two week low of $41.62 and a fifty-two week 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.