J.W. Cole Advisors Inc. Increases Stock Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

J.W. Cole Advisors Inc. raised its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,623 shares of the company’s stock after acquiring an additional 1,191 shares during the period. J.W. Cole Advisors Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FMAT. CWM LLC increased its holdings in Fidelity MSCI Materials Index ETF by 11,820.0% in the 3rd quarter. CWM LLC now owns 1,192 shares of the company’s stock valued at $65,000 after purchasing an additional 1,182 shares during the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF during the third quarter worth $602,000. Yoder Wealth Management Inc. grew its stake in shares of Fidelity MSCI Materials Index ETF by 6.5% in the third quarter. Yoder Wealth Management Inc. now owns 19,040 shares of the company’s stock valued at $1,032,000 after buying an additional 1,164 shares in the last quarter. Centennial Wealth Advisory LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $237,000. Finally, Sigma Planning Corp lifted its stake in Fidelity MSCI Materials Index ETF by 7.5% during the 3rd quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock worth $256,000 after acquiring an additional 330 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA FMAT opened at $51.90 on Wednesday. The company has a market cap of $524.19 million, a P/E ratio of 15.76 and a beta of 0.92. The stock has a 50-day moving average of $49.86 and a two-hundred day moving average of $51.73. Fidelity MSCI Materials Index ETF has a 1-year low of $47.34 and a 1-year high of $55.28.

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.