AE Wealth Management LLC Increases Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

AE Wealth Management LLC increased its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 24.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 564,648 shares of the company’s stock after purchasing an additional 110,641 shares during the quarter. AE Wealth Management LLC owned 5.59% of Fidelity MSCI Materials Index ETF worth $27,911,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Lynch & Associates IN increased its holdings in shares of Fidelity MSCI Materials Index ETF by 6.6% in the 2nd quarter. Lynch & Associates IN now owns 9,167 shares of the company’s stock valued at $453,000 after purchasing an additional 566 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 3.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,547 shares of the company’s stock valued at $867,000 after purchasing an additional 573 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 1.9% in the 2nd quarter. Mather Group LLC. now owns 32,768 shares of the company’s stock valued at $1,716,000 after purchasing an additional 598 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 30,651 shares of the company’s stock valued at $1,494,000 after purchasing an additional 636 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 5.4% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 14,130 shares of the company’s stock valued at $698,000 after purchasing an additional 724 shares in the last quarter.

Fidelity MSCI Materials Index ETF Trading Up 1.8 %

Shares of NYSEARCA FMAT opened at $53.41 on Friday. The stock has a market cap of $539.44 million, a price-to-earnings ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 52 week low of $41.62 and a 52 week high of $53.54. The company’s 50-day moving average price is $51.24 and its 200 day moving average price is $50.93.

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.