Mather Group LLC. Grows Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Mather Group LLC. increased its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 32,768 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Mather Group LLC.’s holdings in Fidelity MSCI Materials Index ETF were worth $1,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FMAT. Cetera Investment Advisers increased its stake in shares of Fidelity MSCI Materials Index ETF by 40.9% during the first quarter. Cetera Investment Advisers now owns 188,753 shares of the company’s stock worth $9,885,000 after acquiring an additional 54,824 shares during the period. Advisory Services Network LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 31.2% during the first quarter. Advisory Services Network LLC now owns 86,720 shares of the company’s stock valued at $4,542,000 after buying an additional 20,617 shares during the period. Certified Advisory Corp boosted its stake in Fidelity MSCI Materials Index ETF by 7.5% in the 4th quarter. Certified Advisory Corp now owns 50,856 shares of the company’s stock worth $2,479,000 after buying an additional 3,537 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF in the 4th quarter worth $2,421,000. Finally, Avantax Advisory Services Inc. lifted its position in Fidelity MSCI Materials Index ETF by 7.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 40,661 shares of the company’s stock valued at $1,982,000 after buying an additional 2,832 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA FMAT traded up $0.43 on Tuesday, reaching $49.65. The company had a trading volume of 30,978 shares, compared to its average volume of 37,505. The firm has a market capitalization of $501.47 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 1 year low of $41.62 and a 1 year high of $52.81. The firm has a 50-day moving average of $50.43 and a 200-day moving average of $50.16.

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.