Sachetta LLC Makes New $36,000 Investment in Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT)

Sachetta LLC purchased a new position in shares of Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 740 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $56,000. Kingdom Financial Group LLC. acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $247,000. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $275,000. Essex Financial Services Inc. acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 3rd quarter worth approximately $281,000. Finally, Robertson Stephens Wealth Management LLC acquired a new position in shares of Fidelity MSCI Materials Index ETF during the 4th quarter worth approximately $327,000.

Fidelity MSCI Materials Index ETF Trading Down 1.0 %

FMAT stock opened at $51.61 on Thursday. The business’s 50 day simple moving average is $51.21 and its 200 day simple moving average is $48.65. The firm has a market capitalization of $521.26 million, a PE ratio of 15.76 and a beta of 0.92. Fidelity MSCI Materials Index ETF has a 1-year low of $41.62 and a 1-year high of $52.77.

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.