Centerline Wealth Advisors LLC Makes New Investment in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Centerline Wealth Advisors LLC bought a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 158,528 shares of the company’s stock, valued at approximately $7,639,000. Fidelity MSCI Materials Index ETF makes up 4.5% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Centerline Wealth Advisors LLC owned about 1.57% of Fidelity MSCI Materials Index ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Centennial Wealth Advisory LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 5.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 4,598 shares of the company’s stock valued at $222,000 after buying an additional 221 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 4.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock valued at $314,000 after buying an additional 241 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of Fidelity MSCI Materials Index ETF by 7.5% in the 3rd quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock valued at $256,000 after purchasing an additional 330 shares in the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 2.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 14,891 shares of the company’s stock valued at $718,000 after purchasing an additional 358 shares in the last quarter. Finally, Lynch & Associates IN boosted its stake in shares of Fidelity MSCI Materials Index ETF by 4.8% in the 3rd quarter. Lynch & Associates IN now owns 9,607 shares of the company’s stock valued at $521,000 after purchasing an additional 440 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Fidelity MSCI Materials Index ETF stock opened at $51.08 on Friday. The firm has a market cap of $515.91 million, a P/E ratio of 15.76 and a beta of 0.92. The stock’s 50 day moving average is $50.31 and its 200 day moving average is $51.76. Fidelity MSCI Materials Index ETF has a one year low of $46.41 and a one year high of $55.28.

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.