GAMMA Investing LLC Purchases 7,294 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

GAMMA Investing LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 5,525.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,426 shares of the company’s stock after purchasing an additional 7,294 shares during the quarter. GAMMA Investing LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $418,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 757.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 549 shares of the company’s stock worth $33,000 after acquiring an additional 485 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at about $51,000. Tower Research Capital LLC TRC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 151,100.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the company’s stock valued at $89,000 after acquiring an additional 1,511 shares in the last quarter. Harbour Investments Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF by 43.7% in the 4th quarter. Harbour Investments Inc. now owns 1,681 shares of the company’s stock worth $99,000 after buying an additional 511 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $143,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.0%

Shares of NYSEARCA:FCOM opened at $62.18 on Friday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $48.17 and a twelve month high of $64.25. The company’s 50 day moving average is $58.33 and its 200 day moving average is $59.11. The company has a market cap of $1.54 billion, a PE ratio of 19.43 and a beta of 1.08.

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.