J.W. Cole Advisors Inc. boosted its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT – Free Report) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,547 shares of the company’s stock after acquiring an additional 573 shares during the period. J.W. Cole Advisors Inc. owned 0.17% of Fidelity MSCI Materials Index ETF worth $867,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Sachetta LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter valued at $36,000. Gradient Investments LLC bought a new stake in Fidelity MSCI Materials Index ETF during the second quarter valued at $69,000. Pathway Financial Advisers LLC bought a new stake in Fidelity MSCI Materials Index ETF during the first quarter valued at $169,000. Signal Advisors Wealth LLC bought a new stake in Fidelity MSCI Materials Index ETF during the first quarter valued at $255,000. Finally, Wealthgarden F.S. LLC bought a new stake in Fidelity MSCI Materials Index ETF during the second quarter valued at $279,000.
Fidelity MSCI Materials Index ETF Price Performance
FMAT stock opened at $52.45 on Tuesday. Fidelity MSCI Materials Index ETF has a 1-year low of $41.62 and a 1-year high of $52.94. The firm has a fifty day moving average price of $51.05 and a two-hundred day moving average price of $50.88. The firm has a market cap of $529.75 million, a price-to-earnings ratio of 15.76 and a beta of 0.92.
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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