HighTower Advisors LLC Sells 1,981 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

HighTower Advisors LLC lowered its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,623 shares of the company’s stock after selling 1,981 shares during the period. HighTower Advisors LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $847,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Sigma Planning Corp lifted its position in Fidelity MSCI Materials Index ETF by 7.5% during the 3rd quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock valued at $256,000 after acquiring an additional 330 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Fidelity MSCI Materials Index ETF by 1.5% during the second quarter. Sunbelt Securities Inc. now owns 26,746 shares of the company’s stock valued at $1,322,000 after purchasing an additional 385 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 2.9% during the third quarter. SeaCrest Wealth Management LLC now owns 14,533 shares of the company’s stock valued at $788,000 after purchasing an additional 403 shares during the last quarter. Lynch & Associates IN boosted its position in shares of Fidelity MSCI Materials Index ETF by 4.8% in the 3rd quarter. Lynch & Associates IN now owns 9,607 shares of the company’s stock worth $521,000 after purchasing an additional 440 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Fidelity MSCI Materials Index ETF by 3.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,547 shares of the company’s stock worth $867,000 after purchasing an additional 573 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 3.1 %

FMAT stock opened at $48.88 on Thursday. The business has a 50 day moving average of $53.46 and a 200 day moving average of $51.97. The firm has a market cap of $493.69 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a twelve month low of $45.83 and a twelve month high of $55.28.

About Fidelity MSCI Materials Index ETF

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.