Centerline Wealth Advisors LLC Cuts Position in Fidelity MSCI Materials Index ETF $FMAT

Centerline Wealth Advisors LLC lessened its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 72.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,363 shares of the company’s stock after selling 127,128 shares during the quarter. Fidelity MSCI Materials Index ETF accounts for approximately 0.9% of Centerline Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Centerline Wealth Advisors LLC owned about 0.56% of Fidelity MSCI Materials Index ETF worth $2,515,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FMAT. AE Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Materials Index ETF by 15.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,055,982 shares of the company’s stock worth $55,365,000 after purchasing an additional 140,652 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Fidelity MSCI Materials Index ETF by 23,823.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 55,263 shares of the company’s stock valued at $2,756,000 after buying an additional 55,032 shares in the last quarter. Lido Advisors LLC lifted its position in Fidelity MSCI Materials Index ETF by 8.7% in the 3rd quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock worth $32,677,000 after buying an additional 49,681 shares during the last quarter. Beaumont Financial Advisors LLC bought a new stake in Fidelity MSCI Materials Index ETF in the 3rd quarter worth approximately $1,454,000. Finally, Envestnet Asset Management Inc. boosted its stake in Fidelity MSCI Materials Index ETF by 56.1% in the third quarter. Envestnet Asset Management Inc. now owns 49,734 shares of the company’s stock worth $2,608,000 after buying an additional 17,872 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Shares of NYSEARCA FMAT opened at $53.90 on Monday. Fidelity MSCI Materials Index ETF has a one year low of $41.39 and a one year high of $62.84. The firm’s 50 day simple moving average is $59.32 and its two-hundred day simple moving average is $54.66. The stock has a market capitalization of $474.32 million, a P/E ratio of 23.26 and a beta of 1.07.

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.