Sachetta LLC Sells 23,451 Shares of Fidelity MSCI Materials Index ETF $FMAT

Sachetta LLC decreased its position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) by 92.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,850 shares of the company’s stock after selling 23,451 shares during the period. Sachetta LLC’s holdings in Fidelity MSCI Materials Index ETF were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its stake in Fidelity MSCI Materials Index ETF by 13.1% during the 1st quarter. AE Wealth Management LLC now owns 909,549 shares of the company’s stock worth $43,949,000 after acquiring an additional 105,002 shares during the period. Centerline Wealth Advisors LLC raised its stake in Fidelity MSCI Materials Index ETF by 4.1% during the 2nd quarter. Centerline Wealth Advisors LLC now owns 174,962 shares of the company’s stock worth $8,725,000 after acquiring an additional 6,924 shares during the period. LPL Financial LLC raised its stake in Fidelity MSCI Materials Index ETF by 19.0% during the 1st quarter. LPL Financial LLC now owns 131,000 shares of the company’s stock worth $6,330,000 after acquiring an additional 20,946 shares during the period. Certified Advisory Corp raised its position in shares of Fidelity MSCI Materials Index ETF by 12.1% during the first quarter. Certified Advisory Corp now owns 94,857 shares of the company’s stock valued at $4,583,000 after buying an additional 10,222 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Fidelity MSCI Materials Index ETF by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 50,589 shares of the company’s stock valued at $2,444,000 after buying an additional 589 shares during the last quarter.

Fidelity MSCI Materials Index ETF Price Performance

Fidelity MSCI Materials Index ETF stock opened at $52.60 on Tuesday. The stock has a market cap of $431.32 million, a P/E 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. The firm’s 50 day moving average price is $52.21 and its 200-day moving average price is $49.94.

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.