Advisory Services Network LLC Increases Stock Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Advisory Services Network LLC raised its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 142.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,103 shares of the company’s stock after purchasing an additional 38,789 shares during the quarter. Advisory Services Network LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $3,222,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Lynch & Associates IN lifted its holdings in Fidelity MSCI Materials Index ETF by 6.4% in the fourth quarter. Lynch & Associates IN now owns 7,738 shares of the company’s stock worth $377,000 after buying an additional 468 shares during the period. Corient Private Wealth LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock valued at $1,494,000 after purchasing an additional 636 shares during the period. Sachetta LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 4th quarter valued at approximately $36,000. Stone House Investment Management LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at approximately $56,000. Finally, Yoder Wealth Management Inc. grew its stake in Fidelity MSCI Materials Index ETF by 12.0% in the fourth quarter. Yoder Wealth Management Inc. now owns 15,766 shares of the company’s stock worth $768,000 after purchasing an additional 1,688 shares during the period.

Fidelity MSCI Materials Index ETF Trading Up 0.8 %

Shares of Fidelity MSCI Materials Index ETF stock opened at $51.53 on Monday. Fidelity MSCI Materials Index ETF has a 12 month low of $41.62 and a 12 month high of $52.77. The firm has a market capitalization of $520.45 million, a P/E ratio of 15.76 and a beta of 0.92. The business has a fifty day simple moving average of $51.24 and a two-hundred day simple moving average of $48.76.

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.