Fmr LLC Decreases Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Fmr LLC lessened its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,771 shares of the company’s stock after selling 215 shares during the period. Fmr LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 45.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 371,542 shares of the company’s stock valued at $19,406,000 after buying an additional 115,797 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 18.4% during the second quarter. AGF Management Ltd. now owns 300,084 shares of the company’s stock worth $15,673,000 after purchasing an additional 46,580 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 211.4% during the second quarter. Axxcess Wealth Management LLC now owns 40,248 shares of the company’s stock worth $2,102,000 after purchasing an additional 27,324 shares in the last quarter. Beckerman Institutional LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $1,279,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $808,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.6 %

Shares of FCOM stock opened at $61.11 on Wednesday. The company’s 50-day moving average price is $57.86 and its 200-day moving average price is $54.23. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a twelve month low of $43.39 and a twelve month high of $62.11.

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.