Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,182 shares of the company’s stock after selling 907 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $396,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. New Millennium Group LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at approximately $28,000. Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the 1st quarter valued at $34,000. Comerica Bank raised its holdings in Fidelity MSCI Communication Services Index ETF by 27.7% in the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after purchasing an additional 478 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $209,000. Finally, American National Bank lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 267.7% in the 2nd quarter. American National Bank now owns 4,696 shares of the company’s stock worth $245,000 after purchasing an additional 3,419 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM opened at $58.39 on Friday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $40.64 and a 1 year high of $58.93. The stock has a market capitalization of $1.26 billion, a P/E ratio of 26.44 and a beta of 1.22. The company’s 50-day moving average is $54.61 and its 200 day moving average is $52.39.

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.