Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 464,127 shares of the company’s stock after buying an additional 51,642 shares during the quarter. Envestnet Asset Management Inc. owned approximately 4.60% of Fidelity MSCI Materials Index ETF worth $22,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthgarden F.S. LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at $279,000. Lynch & Associates IN raised 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 buying an additional 566 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 21.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 123,019 shares of the company’s stock valued at $6,081,000 after buying an additional 21,683 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Fidelity MSCI Materials Index ETF by 32.6% in the 2nd quarter. Smith Salley Wealth Management now owns 13,313 shares of the company’s stock valued at $658,000 after buying an additional 3,276 shares during the period. Finally, SeaCrest Wealth Management LLC raised 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 buying an additional 724 shares during the period.

Fidelity MSCI Materials Index ETF Trading Down 1.1 %

FMAT stock opened at $52.84 on Monday. The company has a market capitalization of $533.68 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 12-month low of $41.62 and a 12-month high of $53.54. The business’s fifty day moving average price is $51.27 and its 200 day moving average price is $50.96.

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.