Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its position in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,032 shares of the company’s stock after selling 1,270 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Fidelity MSCI Materials Index ETF were worth $1,188,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its stake in shares of Fidelity MSCI Materials Index ETF by 5.4% in the second quarter. SeaCrest Wealth Management LLC now owns 14,130 shares of the company’s stock worth $698,000 after acquiring an additional 724 shares during the last quarter. Gradient Investments LLC purchased a new stake in shares of Fidelity MSCI Materials Index ETF during the second quarter worth $69,000. Park Avenue Securities LLC raised its position in shares of Fidelity MSCI Materials Index ETF by 8.9% in the second quarter. Park Avenue Securities LLC now owns 29,225 shares of the company’s stock valued at $1,445,000 after buying an additional 2,381 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Fidelity MSCI Materials Index ETF by 1.9% in the second quarter. Mather Group LLC. now owns 32,768 shares of the company’s stock worth $1,716,000 after buying an additional 598 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Materials Index ETF during the first quarter worth about $169,000.

Fidelity MSCI Materials Index ETF Trading Down 0.7 %

Shares of NYSEARCA FMAT opened at $51.22 on Thursday. The stock has a market cap of $517.32 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 12-month low of $41.62 and a 12-month high of $52.94. The company has a 50-day moving average of $50.73 and a 200 day moving average of $50.73.

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.