Sound Income Strategies LLC Increases Stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Sound Income Strategies LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 360.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,143 shares of the company’s stock after purchasing an additional 895 shares during the period. Sound Income Strategies LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $55,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FMAT. Cetera Investment Advisers grew its holdings in shares of Fidelity MSCI Materials Index ETF by 13.9% during the second quarter. Cetera Investment Advisers now owns 214,922 shares of the company’s stock valued at $10,624,000 after buying an additional 26,169 shares during the last quarter. Certified Advisory Corp grew its stake in Fidelity MSCI Materials Index ETF by 23.6% during the 4th quarter. Certified Advisory Corp now owns 84,635 shares of the company’s stock valued at $4,079,000 after purchasing an additional 16,170 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 25.7% in the fourth quarter. Park Avenue Securities LLC now owns 38,481 shares of the company’s stock valued at $1,854,000 after purchasing an additional 7,872 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Fidelity MSCI Materials Index ETF by 12.5% in the third quarter. Sunbelt Securities Inc. now owns 30,077 shares of the company’s stock worth $1,630,000 after purchasing an additional 3,331 shares during the last quarter. Finally, Beaumont Financial Advisors LLC raised its stake in shares of Fidelity MSCI Materials Index ETF by 13.2% in the third quarter. Beaumont Financial Advisors LLC now owns 27,216 shares of the company’s stock worth $1,475,000 after purchasing an additional 3,175 shares during the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 0.1 %

Shares of NYSEARCA FMAT opened at $50.88 on Friday. Fidelity MSCI Materials Index ETF has a 52 week low of $45.83 and a 52 week high of $55.28. The firm has a market cap of $513.89 million, a P/E ratio of 15.76 and a beta of 0.92. The business’s 50 day moving average price is $50.78 and its 200 day moving average price is $51.77.

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.