Northwestern Mutual Wealth Management Co. Boosts Position in Fidelity MSCI Materials Index ETF $FMAT

Northwestern Mutual Wealth Management Co. increased its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 23,517.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 334,902 shares of the company’s stock after buying an additional 333,484 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Materials Index ETF were worth $17,787,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC increased its stake in Fidelity MSCI Materials Index ETF by 25.8% in the 4th quarter. AE Wealth Management LLC now owns 1,328,708 shares of the company’s stock worth $70,568,000 after buying an additional 272,726 shares during the period. Lido Advisors LLC increased its stake 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 period. Certified Advisory Corp increased its stake in Fidelity MSCI Materials Index ETF by 1.8% in the 4th quarter. Certified Advisory Corp now owns 75,234 shares of the company’s stock worth $3,996,000 after buying an additional 1,312 shares during the period. Goldman Sachs Group Inc. increased its stake in Fidelity MSCI Materials Index ETF by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,589 shares of the company’s stock worth $2,444,000 after buying an additional 589 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Fidelity MSCI Materials Index ETF by 56.1% in the 3rd 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 during the period.

Fidelity MSCI Materials Index ETF Price Performance

FMAT stock opened at $57.61 on Thursday. The company has a market capitalization of $587.62 million, a PE ratio of 23.26 and a beta of 0.97. Fidelity MSCI Materials Index ETF has a 12 month low of $48.08 and a 12 month high of $62.84. The firm’s 50-day moving average is $58.55 and its 200 day moving average is $56.59.

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.