Independence Financial Advisors LLC grew its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 9.3% in the third quarter, HoldingsChannel.com reports. The firm owned 223,656 shares of the company’s stock after purchasing an additional 19,025 shares during the period. Fidelity MSCI Materials Index ETF comprises about 3.1% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $12,467,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Fidelity MSCI Materials Index ETF during the second quarter valued at approximately $67,000. Motiv8 Investments LLC purchased a new stake in Fidelity MSCI Materials Index ETF in the 4th quarter valued at $83,000. Fifth Third Bancorp lifted its stake in Fidelity MSCI Materials Index ETF by 813.2% during the 1st quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock valued at $108,000 after acquiring an additional 1,667 shares in the last quarter. Centaurus Financial Inc. bought a new position in Fidelity MSCI Materials Index ETF during the 1st quarter valued at $156,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Fidelity MSCI Materials Index ETF during the 2nd quarter worth $200,000.
Fidelity MSCI Materials Index ETF Trading Up 0.4%
Shares of FMAT traded up $0.24 during trading hours on Thursday, reaching $56.28. 40,719 shares of the stock traded hands, compared to its average volume of 56,790. The stock has a fifty day simple moving average of $58.85 and a 200 day simple moving average of $58.78. Fidelity MSCI Materials Index ETF has a 52 week low of $48.76 and a 52 week high of $62.84. The company has a market cap of $574.06 million, a price-to-earnings ratio of 23.26 and a beta of 0.97.
Fidelity MSCI Materials Index ETF Company 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.
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