GSA Capital Partners LLP Increases Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

GSA Capital Partners LLP grew its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,314 shares of the company’s stock after buying an additional 203 shares during the quarter. GSA Capital Partners LLP’s holdings in Fidelity MSCI Communication Services Index ETF were worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Comerica Bank raised its position in shares of Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after acquiring an additional 478 shares in the last quarter. Soltis Investment Advisors LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 2.4% during the 1st quarter. Soltis Investment Advisors LLC now owns 11,691 shares of the company’s stock worth $579,000 after acquiring an additional 276 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 1st quarter worth about $34,000. CX Institutional raised its position in shares of Fidelity MSCI Communication Services Index ETF by 15.2% during the 2nd quarter. CX Institutional now owns 13,446 shares of the company’s stock worth $702,000 after acquiring an additional 1,777 shares in the last quarter. Finally, Maltin Wealth Management Inc. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 1.1% during the 2nd quarter. Maltin Wealth Management Inc. now owns 53,619 shares of the company’s stock worth $2,801,000 after acquiring an additional 559 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA FCOM opened at $57.90 on Friday. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $41.72 and a fifty-two week high of $59.14. The firm has a market capitalization of $1.24 billion, a PE ratio of 26.44 and a beta of 1.22. The stock’s 50-day simple moving average is $55.82 and its 200-day simple moving average is $52.97.

About Fidelity MSCI Communication Services Index ETF

The Fidelity MSCI Communication Services Index ETF (FCOM) is an exchange-traded fund that mostly invests in communication services equity. The fund tracks a market-cap-weighted index of stocks in the US communication services sector. FCOM was launched on Oct 21, 2013 and is managed by Fidelity.