Congress Wealth Management LLC DE Increases Stock Holdings in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Congress Wealth Management LLC DE boosted its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 707.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,831 shares of the company’s stock after acquiring an additional 37,525 shares during the quarter. Congress Wealth Management LLC DE owned about 0.42% of Fidelity MSCI Materials Index ETF worth $2,064,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FMAT. Freedom Investment Management Inc. purchased a new position in shares of Fidelity MSCI Materials Index ETF in the third quarter valued at $208,000. Flow Traders U.S. LLC purchased a new position in Fidelity MSCI Materials Index ETF in the 3rd quarter valued at about $249,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the third quarter valued at about $225,000. Orion Portfolio Solutions LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 4.3% during the third quarter. Orion Portfolio Solutions LLC now owns 5,799 shares of the company’s stock worth $314,000 after acquiring an additional 241 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Fidelity MSCI Materials Index ETF by 20.6% in the third quarter. MML Investors Services LLC now owns 7,810 shares of the company’s stock worth $423,000 after acquiring an additional 1,332 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Down 0.0 %

Shares of NYSEARCA FMAT opened at $49.02 on Thursday. Fidelity MSCI Materials Index ETF has a fifty-two week low of $47.34 and a fifty-two week high of $55.28. The business has a 50 day moving average price of $50.08 and a two-hundred day moving average price of $51.45. The firm has a market cap of $526.97 million, a PE ratio of 24.29 and a beta of 1.13.

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.