AGF Management Ltd. Sells 56,260 Shares of Fidelity MSCI Materials Index ETF $FMAT

AGF Management Ltd. decreased its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 35.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 102,997 shares of the company’s stock after selling 56,260 shares during the period. AGF Management Ltd.’s holdings in Fidelity MSCI Materials Index ETF were worth $5,400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FMAT. Caldwell Trust Co bought a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at approximately $26,000. Howe & Rusling Inc. purchased a new position in shares of Fidelity MSCI Materials Index ETF in the second quarter worth $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the second quarter worth $36,000. 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 last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at $95,000.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $59.40 on Wednesday. The stock has a market cap of $522.72 million, a PE ratio of 23.26 and a beta of 1.07. The stock has a fifty day moving average of $54.90 and a 200 day moving average of $52.80. Fidelity MSCI Materials Index ETF has a one year low of $41.39 and a one year high of $59.91.

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.