AE Wealth Management LLC Buys 272,726 Shares of Fidelity MSCI Materials Index ETF $FMAT

AE Wealth Management LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 25.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,328,708 shares of the company’s stock after acquiring an additional 272,726 shares during the period. AE Wealth Management LLC owned approximately 15.27% of Fidelity MSCI Materials Index ETF worth $70,568,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Centennial Wealth Advisory LLC lifted its stake in Fidelity MSCI Materials Index ETF by 6.1% in the fourth quarter. Centennial Wealth Advisory LLC now owns 5,324 shares of the company’s stock valued at $283,000 after acquiring an additional 305 shares during the last quarter. Sachetta LLC lifted its stake in Fidelity MSCI Materials Index ETF by 16.5% in the third quarter. Sachetta LLC now owns 2,156 shares of the company’s stock valued at $113,000 after acquiring an additional 306 shares during the last quarter. Vicus Capital lifted its stake in Fidelity MSCI Materials Index ETF by 5.3% in the fourth quarter. Vicus Capital now owns 6,189 shares of the company’s stock valued at $329,000 after acquiring an additional 312 shares during the last quarter. Lynch & Associates IN lifted its stake in Fidelity MSCI Materials Index ETF by 2.9% in the fourth quarter. Lynch & Associates IN now owns 11,176 shares of the company’s stock valued at $594,000 after acquiring an additional 316 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Fidelity MSCI Materials Index ETF by 33.5% in the second 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.

Fidelity MSCI Materials Index ETF Price Performance

Shares of FMAT stock opened at $60.02 on Friday. The stock has a market cap of $576.19 million, a P/E ratio of 23.26 and a beta of 1.03. The company has a fifty day moving average price of $59.27 and a two-hundred day moving average price of $55.36. Fidelity MSCI Materials Index ETF has a one year low of $44.45 and a one 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.