J.W. Cole Advisors Inc. Buys 1,191 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

J.W. Cole Advisors Inc. increased its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,623 shares of the company’s stock after purchasing an additional 1,191 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.19% of Fidelity MSCI Materials Index ETF worth $946,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FMAT. Centerline Wealth Advisors LLC bought a new position in Fidelity MSCI Materials Index ETF in the fourth quarter worth about $7,639,000. Centennial Wealth Advisory LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 5.0% during the 4th quarter. Centennial Wealth Advisory LLC now owns 4,598 shares of the company’s stock worth $222,000 after acquiring an additional 221 shares in the last quarter. Yoder Wealth Management Inc. raised its stake in shares of Fidelity MSCI Materials Index ETF by 8.7% during the 4th quarter. Yoder Wealth Management Inc. now owns 20,692 shares of the company’s stock worth $997,000 after acquiring an additional 1,652 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Fidelity MSCI Materials Index ETF during the fourth quarter valued at approximately $734,000. Finally, Sachetta LLC boosted its stake in Fidelity MSCI Materials Index ETF by 5,331.7% in the fourth quarter. Sachetta LLC now owns 36,284 shares of the company’s stock valued at $1,749,000 after acquiring an additional 35,616 shares in the last quarter.

Fidelity MSCI Materials Index ETF Trading Up 1.2 %

NYSEARCA FMAT opened at $51.90 on Wednesday. Fidelity MSCI Materials Index ETF has a 12-month low of $47.34 and a 12-month high of $55.28. The firm’s fifty day simple moving average is $49.86 and its two-hundred day simple moving average is $51.73. The firm has a market capitalization of $524.19 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.