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

Envestnet Asset Management Inc. lifted its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 573,750 shares of the company’s stock after purchasing an additional 23,663 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Fidelity MSCI Materials Index ETF worth $27,649,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its position in Fidelity MSCI Materials Index ETF by 99.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 4th quarter worth about $33,000. Global Retirement Partners LLC grew its stake in Fidelity MSCI Materials Index ETF by 497.8% in the 4th quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after acquiring an additional 677 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Fidelity MSCI Materials Index ETF by 360.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock valued at $55,000 after acquiring an additional 895 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Fidelity MSCI Materials Index ETF by 111.3% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock valued at $71,000 after acquiring an additional 776 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA FMAT opened at $45.47 on Friday. The firm’s 50-day moving average is $48.72 and its two-hundred day moving average is $50.83. Fidelity MSCI Materials Index ETF has a 12-month low of $41.39 and a 12-month high of $55.28. The company has a market capitalization of $409.23 million, a PE ratio of 22.55 and a beta of 1.10.

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.