Sunbelt Securities Inc. Has $1.32 Million Stock Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Sunbelt Securities Inc. raised its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,746 shares of the company’s stock after purchasing an additional 385 shares during the period. Sunbelt Securities Inc. owned 0.26% of Fidelity MSCI Materials Index ETF worth $1,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FMAT. AE Wealth Management LLC lifted its position in shares of 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 during the period. Cetera Investment Advisers grew its position in shares of Fidelity MSCI Materials Index ETF by 40.9% during the 1st quarter. Cetera Investment Advisers now owns 188,753 shares of the company’s stock valued at $9,885,000 after acquiring an additional 54,824 shares during the period. Envestnet Asset Management Inc. boosted its position 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 purchasing an additional 51,642 shares during the period. Cetera Advisors LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the 1st quarter valued at approximately $1,837,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 21.4% in the second quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock valued at $6,081,000 after purchasing an additional 21,683 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Fidelity MSCI Materials Index ETF stock opened at $54.20 on Tuesday. The firm’s fifty day moving average price is $51.53 and its 200-day moving average price is $51.07. The stock has a market cap of $547.44 million, a P/E ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a fifty-two week low of $41.62 and a fifty-two week high of $54.94.

Fidelity MSCI Materials Index ETF 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.