Kovitz Investment Group Partners LLC Increases Position in Fidelity MSCI Materials Index ETF $FMAT

Kovitz Investment Group Partners LLC increased its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 83.4% during the 4th quarter, Holdings Channel reports. The firm owned 96,473 shares of the company’s stock after acquiring an additional 43,872 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $5,124,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FMAT. AE Wealth Management LLC boosted its holdings 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 raised its holdings in Fidelity MSCI Materials Index ETF by 8.7% during the third quarter. Lido Advisors LLC now owns 623,248 shares of the company’s stock valued at $32,677,000 after acquiring an additional 49,681 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Fidelity MSCI Materials Index ETF by 23,517.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 334,902 shares of the company’s stock valued at $17,787,000 after acquiring an additional 333,484 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Fidelity MSCI Materials Index ETF by 9.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 82,732 shares of the company’s stock valued at $4,394,000 after acquiring an additional 7,466 shares in the last quarter. Finally, Certified Advisory Corp lifted its position in shares of Fidelity MSCI Materials Index ETF by 1.8% in the fourth quarter. Certified Advisory Corp now owns 75,234 shares of the company’s stock valued at $3,996,000 after acquiring an additional 1,312 shares in the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

NYSEARCA FMAT opened at $59.72 on Friday. The firm has a market cap of $609.14 million, a price-to-earnings ratio of 23.26 and a beta of 0.96. The business has a 50-day moving average price of $59.50 and a 200-day moving average price of $57.94. Fidelity MSCI Materials Index ETF has a twelve month low of $48.50 and a twelve month high of $62.84.

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.