Raymond James & Associates Has $316,000 Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Raymond James & Associates lifted its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 34.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,096 shares of the company’s stock after acquiring an additional 1,824 shares during the period. Raymond James & Associates’ holdings in Fidelity MSCI Communication Services Index ETF were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FCOM. Raymond James Financial Services Advisors Inc. lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 27.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,986 shares of the company’s stock valued at $1,985,000 after acquiring an additional 10,694 shares during the period. Stratos Wealth Partners LTD. acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth $320,000. Lynch & Associates IN raised its holdings in Fidelity MSCI Communication Services Index ETF by 9.7% during the third quarter. Lynch & Associates IN now owns 19,979 shares of the company’s stock worth $793,000 after buying an additional 1,764 shares during the last quarter. Smith Salley & Associates raised its holdings in Fidelity MSCI Communication Services Index ETF by 15.4% during the third quarter. Smith Salley & Associates now owns 58,972 shares of the company’s stock worth $2,342,000 after buying an additional 7,868 shares during the last quarter. Finally, SFI Advisors LLC raised its holdings in Fidelity MSCI Communication Services Index ETF by 67.9% during the third quarter. SFI Advisors LLC now owns 9,816 shares of the company’s stock worth $390,000 after buying an additional 3,969 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 3.2 %

FCOM opened at $48.92 on Monday. The company’s fifty day moving average price is $48.86 and its two-hundred day moving average price is $45.47. Fidelity MSCI Communication Services Index ETF has a 1-year low of $35.94 and a 1-year high of $50.76. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 27.52 and a beta of 1.22.

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.