Peak Financial Management Inc. Has $2.38 Million Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Peak Financial Management Inc. cut its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,472 shares of the company’s stock after selling 1,901 shares during the quarter. Peak Financial Management Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $2,384,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Decker Retirement Planning Inc. bought a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth $33,000. Sound Income Strategies LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 360.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after acquiring an additional 895 shares during the last quarter. CWM LLC grew its stake in shares of Fidelity MSCI Materials Index ETF by 11,820.0% in the 3rd quarter. CWM LLC now owns 1,192 shares of the company’s stock worth $65,000 after acquiring an additional 1,182 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at about $208,000. Finally, Kestra Investment Management LLC bought a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at about $225,000.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $50.88 on Monday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $45.83 and a fifty-two week high of $55.28. The firm’s 50-day simple moving average is $50.78 and its 200 day simple moving average is $51.79. The stock has a market cap of $513.89 million, a PE ratio of 15.76 and a beta of 0.92.

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.