Yoder Wealth Management Inc. Buys 1,042 Shares of Fidelity MSCI Materials Index ETF $FMAT

Yoder Wealth Management Inc. raised its stake in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,275 shares of the company’s stock after purchasing an additional 1,042 shares during the quarter. Yoder Wealth Management Inc. owned approximately 0.27% of Fidelity MSCI Materials Index ETF worth $1,111,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FMAT. Lynch & Associates IN boosted its stake in shares of Fidelity MSCI Materials Index ETF by 3.5% during the 1st quarter. Lynch & Associates IN now owns 9,839 shares of the company’s stock worth $475,000 after acquiring an additional 336 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 2.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 15,862 shares of the company’s stock worth $791,000 after acquiring an additional 384 shares during the period. Centennial Wealth Advisory LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 10.7% during the 1st quarter. Centennial Wealth Advisory LLC now owns 5,089 shares of the company’s stock worth $246,000 after acquiring an additional 491 shares during the period. Modern Wealth Management LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 1.4% during the 1st quarter. Modern Wealth Management LLC now owns 36,465 shares of the company’s stock worth $1,762,000 after acquiring an additional 511 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Fidelity MSCI Materials Index ETF by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,589 shares of the company’s stock worth $2,444,000 after acquiring an additional 589 shares during the period.

Fidelity MSCI Materials Index ETF Trading Up 0.2%

Shares of NYSEARCA FMAT opened at $52.59 on Friday. Fidelity MSCI Materials Index ETF has a 12 month low of $41.39 and a 12 month high of $55.28. The stock has a 50 day moving average of $52.19 and a 200-day moving average of $49.90. The company has a market capitalization of $431.24 million, a P/E ratio of 23.26 and a beta of 1.12.

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.