Sound Income Strategies LLC Boosts Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Sound Income Strategies LLC lifted its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 360.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,143 shares of the company’s stock after purchasing an additional 895 shares during the quarter. Sound Income Strategies LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in 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 valued at $10,624,000 after purchasing an additional 26,169 shares during the last quarter. Certified Advisory Corp raised its position in shares of Fidelity MSCI Materials Index ETF by 23.6% during the 4th quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock valued at $4,079,000 after buying an additional 16,170 shares during the period. Park Avenue Securities LLC lifted its holdings in Fidelity MSCI Materials Index ETF by 25.7% in the fourth quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock valued at $1,854,000 after acquiring an additional 7,872 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Fidelity MSCI Materials Index ETF by 12.5% in the third quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock valued at $1,630,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Beaumont Financial Advisors LLC grew its position in Fidelity MSCI Materials Index ETF by 13.2% in the third 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 Down 0.1 %

NYSEARCA:FMAT opened at $50.88 on Friday. Fidelity MSCI Materials Index ETF has a 52 week low of $45.83 and a 52 week high of $55.28. The stock’s fifty day moving average is $50.78 and its two-hundred day moving average is $51.77. The company has a market capitalization of $513.89 million, a P/E ratio of 15.76 and a beta of 0.92.

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.