Yoder Wealth Management Inc. Has $768,000 Position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Yoder Wealth Management Inc. raised its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 12.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,766 shares of the company’s stock after buying an additional 1,688 shares during the period. Yoder Wealth Management Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FMAT. CWM LLC increased its holdings in shares of Fidelity MSCI Materials Index ETF by 27.4% in the third quarter. CWM LLC now owns 7,128 shares of the company’s stock valued at $315,000 after purchasing an additional 1,533 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Fidelity MSCI Materials Index ETF by 2.2% in the third quarter. Brookstone Capital Management now owns 75,168 shares of the company’s stock valued at $3,207,000 after acquiring an additional 1,624 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Fidelity MSCI Materials Index ETF by 5.2% in the third quarter. Commonwealth Equity Services LLC now owns 108,355 shares of the company’s stock valued at $4,788,000 after acquiring an additional 5,329 shares in the last quarter. Lynch & Associates IN grew its stake in shares of Fidelity MSCI Materials Index ETF by 4.8% in the third quarter. Lynch & Associates IN now owns 7,270 shares of the company’s stock valued at $321,000 after acquiring an additional 331 shares in the last quarter. Finally, Peak Financial Management Inc. grew its stake in shares of Fidelity MSCI Materials Index ETF by 1.1% in the third quarter. Peak Financial Management Inc. now owns 156,679 shares of the company’s stock valued at $6,924,000 after acquiring an additional 1,701 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of FMAT stock traded up $0.33 on Friday, hitting $50.31. The company’s stock had a trading volume of 27,923 shares, compared to its average volume of 34,841. The stock’s 50 day moving average is $50.60 and its 200-day moving average is $47.57. Fidelity MSCI Materials Index ETF has a fifty-two week low of $41.62 and a fifty-two week high of $52.77. The company has a market capitalization of $508.13 million, a PE ratio of 15.43 and a beta of 0.97.

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.