Fidelity MSCI Materials Index ETF $FMAT Shares Purchased by Independence Financial Advisors LLC

Independence Financial Advisors LLC grew its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 223,656 shares of the company’s stock after acquiring an additional 19,025 shares during the quarter. Fidelity MSCI Materials Index ETF accounts for about 3.1% of Independence Financial Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Independence Financial Advisors LLC owned about 2.19% of Fidelity MSCI Materials Index ETF worth $12,467,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FMAT. Trust Co. of Vermont acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter worth about $67,000. Motiv8 Investments LLC bought a new position in Fidelity MSCI Materials Index ETF during the fourth quarter worth $83,000. Fifth Third Bancorp lifted its holdings in shares of Fidelity MSCI Materials Index ETF by 813.2% during the first quarter. Fifth Third Bancorp now owns 1,872 shares of the company’s stock worth $108,000 after buying an additional 1,667 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Fidelity MSCI Materials Index ETF in the 1st quarter worth about $156,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF in the second quarter valued at approximately $200,000.

Fidelity MSCI Materials Index ETF Trading Up 0.4%

Fidelity MSCI Materials Index ETF stock traded up $0.24 during trading hours on Thursday, reaching $56.28. 40,719 shares of the stock were exchanged, compared to its average volume of 56,790. The company has a market cap of $574.06 million, a P/E ratio of 23.26 and a beta of 0.97. The stock has a 50 day moving average of $58.85 and a two-hundred day moving average of $58.78. Fidelity MSCI Materials Index ETF has a twelve month low of $48.76 and a twelve month high of $62.84.

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.