Cetera Investment Advisers Increases Stock Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Cetera Investment Advisers raised its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 13.9% in the second quarter, Holdings Channel reports. The institutional investor owned 214,922 shares of the company’s stock after purchasing an additional 26,169 shares during the period. Cetera Investment Advisers’ holdings in Fidelity MSCI Materials Index ETF were worth $10,624,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Gradient Investments LLC acquired a new position in Fidelity MSCI Materials Index ETF in the 2nd quarter worth about $69,000. Pathway Financial Advisers LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the 1st quarter valued at $169,000. Signal Advisors Wealth LLC acquired a new position in Fidelity MSCI Materials Index ETF during the first quarter worth $255,000. Wealthgarden F.S. LLC purchased a new position in Fidelity MSCI Materials Index ETF during the second quarter valued at $279,000. Finally, Sweeney & Michel LLC purchased a new position in Fidelity MSCI Materials Index ETF during the first quarter valued at $320,000.

Fidelity MSCI Materials Index ETF Stock Up 0.6 %

FMAT stock opened at $53.45 on Friday. The stock has a market capitalization of $539.85 million, a P/E 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 $54.94. The firm has a 50-day simple moving average of $51.79 and a 200-day simple moving average of $51.17.

Fidelity MSCI Materials Index ETF Company 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.