AE Wealth Management LLC Buys 140,652 Shares of Fidelity MSCI Materials Index ETF $FMAT

AE Wealth Management LLC increased its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 15.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,055,982 shares of the company’s stock after acquiring an additional 140,652 shares during the quarter. AE Wealth Management LLC owned about 12.88% of Fidelity MSCI Materials Index ETF worth $55,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FMAT. Caldwell Trust Co bought a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter worth $26,000. Howe & Rusling Inc. bought a new position in Fidelity MSCI Materials Index ETF in the 2nd quarter worth about $35,000. Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 2nd quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Materials Index ETF by 33.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock valued at $70,000 after acquiring an additional 352 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter valued at about $91,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT opened at $59.09 on Thursday. The firm’s 50 day simple moving average is $54.21 and its 200 day simple moving average is $52.58. The company has a market capitalization of $514.08 million, a P/E ratio of 23.26 and a beta of 1.07. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $59.90.

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.