JPMorgan Chase & Co. Buys 1,833 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

JPMorgan Chase & Co. boosted its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 7.3% during the third quarter, Holdings Channel reports. The fund owned 26,938 shares of the company’s stock after purchasing an additional 1,833 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity MSCI Materials Index ETF were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in Fidelity MSCI Materials Index ETF by 13.9% in the 2nd quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock valued at $10,624,000 after acquiring an additional 26,169 shares during the period. Certified Advisory Corp grew its holdings in Fidelity MSCI Materials Index ETF by 16.0% in the 3rd quarter. Certified Advisory Corp now owns 68,465 shares of the company’s stock valued at $3,711,000 after buying an additional 9,443 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Fidelity MSCI Materials Index ETF by 4.7% in the 3rd quarter. Park Avenue Securities LLC now owns 30,609 shares of the company’s stock valued at $1,659,000 after buying an additional 1,384 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Fidelity MSCI Materials Index ETF by 12.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock valued at $1,630,000 after buying an additional 3,331 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its holdings in Fidelity MSCI Materials Index ETF by 13.2% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 27,216 shares of the company’s stock valued at $1,475,000 after buying an additional 3,175 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA FMAT opened at $50.94 on Friday. The stock’s fifty day moving average price is $50.84 and its two-hundred day moving average price is $51.75. Fidelity MSCI Materials Index ETF has a one year low of $45.83 and a one year high of $55.28. The firm has a market cap of $514.49 million, a price-to-earnings 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.