Kestra Private Wealth Services LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 18,527 shares of the company’s stock, valued at approximately $1,068,000.
A number of other large investors have also recently made changes to their positions in the stock. AE Wealth Management LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 25.8% in the 4th quarter. AE Wealth Management LLC now owns 1,328,708 shares of the company’s stock valued at $70,568,000 after acquiring an additional 272,726 shares during the period. Lido Advisors LLC raised its stake in Fidelity MSCI Materials Index ETF by 8.7% in the 3rd quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock worth $32,677,000 after acquiring an additional 49,681 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Fidelity MSCI Materials Index ETF by 23,517.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock worth $17,787,000 after acquiring an additional 333,484 shares during the period. Kovitz Investment Group Partners LLC lifted its position in Fidelity MSCI Materials Index ETF by 83.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 96,473 shares of the company’s stock worth $5,124,000 after acquiring an additional 43,872 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Fidelity MSCI Materials Index ETF by 9.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 82,732 shares of the company’s stock valued at $4,394,000 after purchasing an additional 7,466 shares during the last quarter.
Fidelity MSCI Materials Index ETF Stock Performance
Shares of FMAT stock opened at $58.51 on Wednesday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $48.76 and a fifty-two week high of $62.84. The firm has a market capitalization of $596.80 million, a PE ratio of 23.26 and a beta of 0.96. The stock’s 50-day simple moving average is $59.31 and its 200-day simple moving average is $58.35.
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.
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