Cetera Investment Advisers Purchases 26,169 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Cetera Investment Advisers lifted its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,922 shares of the company’s stock after acquiring an additional 26,169 shares during the period. Cetera Investment Advisers owned approximately 2.13% of Fidelity MSCI Materials Index ETF worth $10,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lynch & Associates IN raised its stake in shares of Fidelity MSCI Materials Index ETF by 11.2% in the first quarter. Lynch & Associates IN now owns 8,601 shares of the company’s stock worth $450,000 after purchasing an additional 863 shares during the last quarter. Signal Advisors Wealth LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the first quarter valued at about $255,000. Sunbelt Securities Inc. lifted its position in shares of Fidelity MSCI Materials Index ETF by 3.5% during the first quarter. Sunbelt Securities Inc. now owns 26,361 shares of the company’s stock valued at $1,381,000 after purchasing an additional 889 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Fidelity MSCI Materials Index ETF by 56.0% during the first quarter. SeaCrest Wealth Management LLC now owns 13,406 shares of the company’s stock worth $702,000 after purchasing an additional 4,815 shares during the last quarter. Finally, Yoder Wealth Management Inc. grew its position in Fidelity MSCI Materials Index ETF by 8.5% in the 1st quarter. Yoder Wealth Management Inc. now owns 17,109 shares of the company’s stock worth $896,000 after purchasing an additional 1,343 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Up 0.6 %

Fidelity MSCI Materials Index ETF stock opened at $53.45 on Friday. Fidelity MSCI Materials Index ETF has a 52 week low of $41.62 and a 52 week high of $54.94. The company’s 50 day moving average price is $51.79 and its two-hundred day moving average price is $51.17. The stock has a market cap of $539.85 million, a P/E ratio of 15.76 and a beta of 0.92.

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.