Summary
FMAT Chart
Should You Invest in the Fidelity MSCI Materials Index ETF (FMAT)?
If you're interested in broad exposure to the Materials - Broad segment of the equity market, look no further than the Fidelity MSCI Materials Index ETF (FMAT), a passively managed exchange traded fund launched on October 21, 2013.
FMAT: Materials Dashboard For April
The materials sector is currently the most overpriced GICS sector, but the construction materials and packaging sub-sectors are moderately overvalued versus 11-year averages. Mining/metals show the worst value score, partly offset by solid quality metrics; chemicals lag in both value and quality. FMAT offers broad, cap-weighted exposure to U.S. materials, closely matching XLB's long-term performance but with a broader portfolio.
Should You Invest in the Fidelity MSCI Materials Index ETF (FMAT)?
Launched on October 21, 2013, the Fidelity MSCI Materials Index ETF (FMAT) is a passively managed exchange traded fund designed to provide a broad exposure to the Materials - Broad segment of the equity market.
Fidelity MSCI Materials Index ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 9,225 | $488,209.3 | $529,791.75 | $41,582.45 | 8.52% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 3,727 | $212,595.43 | $213,165.76 | $570.33 | 0.27% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 6,506 | $330,152.49 | $371,850.43 | $41,697.94 | 12.63% |
| HT Hannah Tackett Penobscot Wealth Management | 16,539 | $828,356.66 | $952,646.4 | $124,289.74 | 15% |
 Kurt Van Dyken Lifeworks Advisors LLC | 38,564 | $2.01M | $2.21M | $200,497.18 | 9.97% |
Fidelity MSCI Materials Index ETF (FMAT) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Fidelity MSCI Materials Index ETF ever had a stock split?
Fidelity MSCI Materials Index ETF Profile
| ARCA Exchange | US Country |
Overview
The company operates as an investment fund focusing primarily on the materials sector within the U.S. equity market. It dedicates at least 80% of its assets towards securities that are featured in its underlying index—the MSCI USA IMI Materials 25/50 Index. This index is a representation of the performance of companies within the materials sector, offering a targeted investment strategy for those looking to capitalize on this specific segment of the market. Despite following the index closely, the fund retains the discretion to not hold all securities listed in the MSCI USA IMI Materials 25/50 Index, which emphasizes its non-diversified nature. This approach enables the fund to make strategic investments within its chosen sector while adhering to its indexed strategy.
Products and Services
- Securities Investment:
- Indexed Investment Strategy:
- Non-Diversified Fund Structure:
The primary service of the fund is investing in securities that are included in the MSCI USA IMI Materials 25/50 Index. This includes a range of securities representative of the U.S. materials sector, offering investors exposure to this specific market segment through a single investment vehicle.
Employing an indexed investment strategy, the fund seeks to mirror the performance of the MSCI USA IMI Materials 25/50 Index. This approach reduces the fund's reliance on active management for selecting individual investments, thus aiming to replicate the sector's overall market performance as closely as possible.
Despite its focus on the materials sector, the fund operates as a non-diversified fund. This classification means that it can allocate a larger portion of its assets to a smaller number of investments. While this could potentially increase the risk level, it also allows the fund to take advantage of significant growth opportunities within the materials sector.
