Envestnet Asset Management Inc. Grows Stock Holdings in Fidelity MSCI Materials Index ETF $FMAT

Envestnet Asset Management Inc. grew its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 56.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,734 shares of the company’s stock after acquiring an additional 17,872 shares during the period. Envestnet Asset Management Inc. owned 0.61% of Fidelity MSCI Materials Index ETF worth $2,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FMAT. Caldwell Trust Co bought a new position in Fidelity MSCI Materials Index ETF in the third quarter worth approximately $26,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Fidelity MSCI Materials Index ETF in the 3rd quarter worth $27,000. Howe & Rusling Inc. bought a new position in shares of Fidelity MSCI Materials Index ETF during the 2nd quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fidelity MSCI Materials Index ETF by 33.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock valued at $70,000 after buying an additional 352 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at about $95,000.

Fidelity MSCI Materials Index ETF Price Performance

Shares of Fidelity MSCI Materials Index ETF stock opened at $62.06 on Friday. The stock has a market cap of $546.13 million, a price-to-earnings ratio of 23.26 and a beta of 1.07. The firm’s 50-day moving average is $58.05 and its two-hundred day moving average is $53.99. Fidelity MSCI Materials Index ETF has a 1 year low of $41.39 and a 1 year high of $62.84.

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.