Park Avenue Securities LLC Buys 7,872 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Park Avenue Securities LLC lifted its holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 25.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,481 shares of the company’s stock after purchasing an additional 7,872 shares during the period. Park Avenue Securities LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $1,854,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Materials Index ETF by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 464,127 shares of the company’s stock valued at $22,942,000 after acquiring an additional 51,642 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of 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 worth $10,624,000 after purchasing an additional 26,169 shares in the last quarter. Certified Advisory Corp lifted its position in Fidelity MSCI Materials Index ETF by 16.0% during the 3rd quarter. Certified Advisory Corp now owns 68,465 shares of the company’s stock worth $3,711,000 after acquiring an additional 9,443 shares during the period. Sunbelt Securities Inc. lifted its position in Fidelity MSCI Materials Index ETF by 12.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock worth $1,630,000 after acquiring an additional 3,331 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its position in Fidelity MSCI Materials Index ETF by 13.2% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 27,216 shares of the company’s stock worth $1,475,000 after acquiring an additional 3,175 shares during the period.

Fidelity MSCI Materials Index ETF Stock Performance

NYSEARCA FMAT opened at $50.48 on Friday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $45.83 and a fifty-two week high of $55.28. The stock has a 50-day simple moving average of $51.00 and a two-hundred day simple moving average of $51.71. The firm has a market capitalization of $509.85 million, a P/E ratio of 15.76 and a beta of 0.92.

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.