Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Acquired by Certified Advisory Corp

Certified Advisory Corp increased its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 16.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,465 shares of the company’s stock after buying an additional 9,443 shares during the period. Certified Advisory Corp’s holdings in Fidelity MSCI Materials Index ETF were worth $3,711,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 24.4% in the 2nd quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock valued at $27,911,000 after purchasing an additional 110,641 shares in the last quarter. Cetera Investment Advisers raised its stake in Fidelity MSCI Materials Index ETF by 40.9% in the first quarter. Cetera Investment Advisers now owns 188,753 shares of the company’s stock valued at $9,885,000 after buying an additional 54,824 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Materials Index ETF by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock worth $22,942,000 after buying an additional 51,642 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 1st quarter worth about $1,837,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Fidelity MSCI Materials Index ETF by 21.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock worth $6,081,000 after acquiring an additional 21,683 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of NYSEARCA FMAT opened at $54.01 on Friday. The stock’s 50-day simple moving average is $53.55 and its 200-day simple moving average is $51.78. The firm has a market capitalization of $545.50 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a fifty-two week low of $45.32 and a fifty-two week high of $55.28.

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.