Robertson Stephens Wealth Management LLC Takes Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Robertson Stephens Wealth Management LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 6,704 shares of the company’s stock, valued at approximately $327,000.

Several other large investors have also recently made changes to their positions in the business. Lynch & Associates IN increased its position in Fidelity MSCI Materials Index ETF by 6.4% in the fourth quarter. Lynch & Associates IN now owns 7,738 shares of the company’s stock worth $377,000 after buying an additional 468 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in Fidelity MSCI Materials Index ETF by 12.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 6,894 shares of the company’s stock worth $305,000 after purchasing an additional 762 shares in the last quarter. Stone House Investment Management LLC bought a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at $56,000. Park Avenue Securities LLC grew its position in shares of Fidelity MSCI Materials Index ETF by 7.2% during the 3rd quarter. Park Avenue Securities LLC now owns 23,205 shares of the company’s stock valued at $1,025,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Yoder Wealth Management Inc. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 12.0% in the fourth quarter. Yoder Wealth Management Inc. now owns 15,766 shares of the company’s stock worth $768,000 after purchasing an additional 1,688 shares during the period.

Fidelity MSCI Materials Index ETF Stock Up 0.9 %

NYSEARCA:FMAT opened at $50.51 on Friday. Fidelity MSCI Materials Index ETF has a twelve month low of $41.62 and a twelve month high of $52.77. The stock has a market cap of $510.15 million, a P/E ratio of 15.43 and a beta of 0.97. The business’s 50-day moving average price is $50.77 and its two-hundred day moving average price is $47.79.

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.