Kestra Private Wealth Services LLC Invests $1.07 Million in Fidelity MSCI Materials Index ETF $FMAT

Kestra Private Wealth Services LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 18,527 shares of the company’s stock, valued at approximately $1,068,000. Kestra Private Wealth Services LLC owned approximately 0.19% of Fidelity MSCI Materials Index ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Alliance Advisory Group LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth $1,393,000. Lido Advisors LLC boosted its position in shares of 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 purchasing an additional 49,681 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Materials Index ETF by 23,517.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock worth $17,787,000 after purchasing an additional 333,484 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake 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 buying an additional 43,872 shares during the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in Fidelity MSCI Materials Index ETF during the 4th quarter worth $1,609,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA:FMAT opened at $58.51 on Wednesday. The business’s 50-day moving average is $59.31 and its 200 day moving average is $58.35. Fidelity MSCI Materials Index ETF has a 1 year low of $48.76 and a 1 year high of $62.84. The firm has a market capitalization of $596.80 million, a P/E ratio of 23.26 and a beta of 0.96.

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.