36,514 Shares in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC acquired a new position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 36,514 shares of the company’s stock, valued at approximately $1,851,000.

Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 497.8% during the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock worth $39,000 after purchasing an additional 677 shares in the last quarter. Sound Income Strategies LLC raised its stake in Fidelity MSCI Materials Index ETF by 360.9% in the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock valued at $55,000 after purchasing an additional 895 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Fidelity MSCI Materials Index ETF by 111.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after purchasing an additional 776 shares in the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $208,000.

Fidelity MSCI Materials Index ETF Stock Up 0.1 %

Fidelity MSCI Materials Index ETF stock opened at $49.04 on Wednesday. The company has a fifty day simple moving average of $50.09 and a 200-day simple moving average of $51.46. The firm has a market capitalization of $527.18 million, a price-to-earnings ratio of 24.29 and a beta of 1.13. Fidelity MSCI Materials Index ETF has a 52-week low of $47.34 and a 52-week high of $55.28.

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.