Modern Wealth Management LLC Purchases Shares of 36,514 Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Modern Wealth Management LLC acquired a new position 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 acquired 36,514 shares of the company’s stock, valued at approximately $1,851,000. Modern Wealth Management LLC owned 0.36% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter worth $33,000. Global Retirement Partners LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 497.8% in the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock worth $39,000 after acquiring an additional 677 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 360.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock worth $55,000 after acquiring an additional 895 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Fidelity MSCI Materials Index ETF by 111.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after acquiring an additional 776 shares during the period. Finally, Freedom Investment Management Inc. purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter valued at about $208,000.

Fidelity MSCI Materials Index ETF Trading Up 0.1 %

NYSEARCA FMAT opened at $49.04 on Wednesday. The stock has a market capitalization of $527.18 million, a price-to-earnings ratio of 24.29 and a beta of 1.13. The stock has a 50-day moving average of $50.09 and a 200 day moving average of $51.46. Fidelity MSCI Materials Index ETF has a twelve month low of $47.34 and a twelve month high of $55.28.

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.