Cambridge Investment Research Advisors Inc. Sells 2,344 Shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Cambridge Investment Research Advisors Inc. lowered its holdings in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,911 shares of the company’s stock after selling 2,344 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.19% of Fidelity MSCI Materials Index ETF worth $817,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in Fidelity MSCI Materials Index ETF by 99.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 687 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Fidelity MSCI Materials Index ETF by 111.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,473 shares of the company’s stock worth $71,000 after acquiring an additional 776 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Fidelity MSCI Materials Index ETF by 60.9% during the first quarter. Sound Income Strategies LLC now owns 1,839 shares of the company’s stock worth $89,000 after acquiring an additional 696 shares in the last quarter. CX Institutional acquired a new stake in shares of Fidelity MSCI Materials Index ETF during the first quarter worth $112,000. Finally, Avondale Wealth Management bought a new stake in Fidelity MSCI Materials Index ETF in the 1st quarter valued at $121,000.

Fidelity MSCI Materials Index ETF Trading Up 0.1%

Shares of NYSEARCA FMAT opened at $51.84 on Monday. The company has a fifty day moving average price of $49.14 and a 200 day moving average price of $48.82. The firm has a market cap of $425.09 million, a PE ratio of 23.26 and a beta of 1.12. Fidelity MSCI Materials Index ETF has a 1-year low of $41.39 and a 1-year high of $55.28.

Fidelity MSCI Materials Index ETF 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.