International Assets Investment Management LLC Takes Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

International Assets Investment Management LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,671 shares of the company’s stock, valued at approximately $2,421,000. International Assets Investment Management LLC owned about 0.50% of Fidelity MSCI Materials Index ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FMAT. Certified Advisory Corp lifted its stake in shares of Fidelity MSCI Materials Index ETF by 28.5% in the 3rd quarter. Certified Advisory Corp now owns 47,319 shares of the company’s stock worth $2,091,000 after purchasing an additional 10,496 shares during the period. LPL Financial LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 12.3% in the 3rd quarter. LPL Financial LLC now owns 90,678 shares of the company’s stock worth $4,007,000 after purchasing an additional 9,964 shares during the period. Peak Financial Management Inc. lifted its stake in shares of Fidelity MSCI Materials Index ETF by 1.1% in the 3rd quarter. Peak Financial Management Inc. now owns 156,679 shares of the company’s stock worth $6,924,000 after purchasing an additional 1,701 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 589,750.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,797 shares of the company’s stock worth $521,000 after purchasing an additional 11,795 shares during the period. Finally, Modera Wealth Management LLC bought a new position in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $715,000.

Fidelity MSCI Materials Index ETF Stock Down 0.1 %

Shares of NYSEARCA:FMAT opened at $50.03 on Friday. The firm’s 50 day moving average price is $50.29 and its 200-day moving average price is $47.30. Fidelity MSCI Materials Index ETF has a twelve month low of $41.62 and a twelve month high of $52.77. The stock has a market capitalization of $500.30 million, a PE ratio of 14.39 and a beta of 1.12.

About Fidelity MSCI Materials Index ETF

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.