Cwm LLC decreased its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) by 53.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,988 shares of the company’s stock after selling 2,248 shares during the period. Cwm LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $89,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in FCOM. Sunbelt Securities Inc. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 47.0% in the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock valued at $74,000 after acquiring an additional 597 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth $228,000. Williams & Novak LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $291,000. Raymond James & Associates raised its holdings in Fidelity MSCI Communication Services Index ETF by 34.6% in the 4th quarter. Raymond James & Associates now owns 7,096 shares of the company’s stock valued at $316,000 after buying an additional 1,824 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in Fidelity MSCI Communication Services Index ETF in the third quarter valued at about $320,000.
Fidelity MSCI Communication Services Index ETF Price Performance
Shares of FCOM stock opened at $50.08 on Wednesday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $36.35 and a 1-year high of $50.76. The firm has a market cap of $1.08 billion, a PE ratio of 26.44 and a beta of 1.22. The company has a 50-day moving average of $48.96 and a two-hundred day moving average of $45.88.
Fidelity MSCI Communication Services Index ETF Profile
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.
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Want to see what other hedge funds are holding FCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report).
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