Wealth Alliance Advisory Group LLC Acquires New Position in Fidelity MSCI Materials Index ETF $FMAT

Wealth Alliance Advisory Group LLC acquired a new stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,222 shares of the company’s stock, valued at approximately $1,393,000. Wealth Alliance Advisory Group LLC owned about 0.30% of Fidelity MSCI Materials Index ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FMAT. Caldwell Trust Co bought a new position in Fidelity MSCI Materials Index ETF in the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp acquired a new stake in Fidelity MSCI Materials Index ETF in the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Materials Index ETF in the fourth quarter valued at approximately $35,000. Optima Capital LLC bought a new stake in shares of Fidelity MSCI Materials Index ETF during the fourth quarter worth $40,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Materials Index ETF by 33.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,404 shares of the company’s stock worth $70,000 after buying an additional 352 shares in the last quarter.

Fidelity MSCI Materials Index ETF Stock Performance

Shares of NYSEARCA:FMAT opened at $60.41 on Friday. The company has a fifty day moving average of $59.14 and a 200-day moving average of $55.69. The company has a market capitalization of $579.94 million, a PE ratio of 23.26 and a beta of 1.03. Fidelity MSCI Materials Index ETF has a 52-week low of $46.54 and a 52-week high of $62.84.

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.