Freedom Investment Management Inc. Invests $208,000 in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Freedom Investment Management Inc. acquired a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,835 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in Fidelity MSCI Materials Index ETF by 24.4% in the 2nd quarter. AE Wealth Management LLC now owns 564,648 shares of the company’s stock worth $27,911,000 after purchasing an additional 110,641 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Fidelity MSCI Materials Index ETF by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock worth $22,942,000 after buying an additional 51,642 shares during the last quarter. Cetera Investment Advisers grew its holdings in Fidelity MSCI Materials Index ETF by 13.9% in the 2nd quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock valued at $10,624,000 after buying an additional 26,169 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Fidelity MSCI Materials Index ETF by 21.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock worth $6,081,000 after acquiring an additional 21,683 shares during the last quarter. Finally, Certified Advisory Corp raised its holdings in shares of Fidelity MSCI Materials Index ETF by 16.0% during the 3rd quarter. Certified Advisory Corp now owns 68,465 shares of the company’s stock worth $3,711,000 after acquiring an additional 9,443 shares during the period.

Fidelity MSCI Materials Index ETF Trading Up 0.5 %

Shares of FMAT stock opened at $54.41 on Monday. Fidelity MSCI Materials Index ETF has a twelve month low of $45.70 and a twelve month high of $55.28. The company’s 50-day moving average price is $53.75 and its 200-day moving average price is $51.89. The stock has a market cap of $549.54 million, a price-to-earnings ratio of 15.76 and a beta of 0.92.

Fidelity MSCI Materials Index ETF Company 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.