Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 34.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,089 shares of the company’s stock after purchasing an additional 10,252 shares during the quarter. Avantax Advisory Services Inc. owned about 0.40% of Fidelity MSCI Materials Index ETF worth $1,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the 4th quarter valued at about $33,000. Global Retirement Partners LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 497.8% during the fourth quarter. Global Retirement Partners LLC now owns 813 shares of the company’s stock valued at $39,000 after purchasing an additional 677 shares during the period. Sound Income Strategies LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 360.9% during the fourth quarter. Sound Income Strategies LLC now owns 1,143 shares of the company’s stock valued at $55,000 after purchasing an additional 895 shares during the period. Cullen Frost Bankers Inc. lifted its position in shares of Fidelity MSCI Materials Index ETF by 111.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock worth $71,000 after purchasing an additional 776 shares in the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at $208,000.

Fidelity MSCI Materials Index ETF Trading Up 1.1 %

FMAT opened at $49.27 on Tuesday. Fidelity MSCI Materials Index ETF has a twelve month low of $47.34 and a twelve month high of $55.28. The firm has a market cap of $539.51 million, a price-to-earnings ratio of 23.92 and a beta of 1.13. The company has a fifty day simple moving average of $50.00 and a 200 day simple moving average of $51.58.

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.