Kingswood Wealth Advisors LLC Purchases 1,476 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Kingswood Wealth Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 22.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,067 shares of the company’s stock after acquiring an additional 1,476 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $454,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Lido Advisors LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 2.0% in the 4th quarter. Lido Advisors LLC now owns 1,708,690 shares of the company’s stock valued at $100,300,000 after acquiring an additional 33,595 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Fidelity MSCI Communication Services Index ETF by 38.4% in the 4th quarter. Wells Fargo & Company MN now owns 290,147 shares of the company’s stock valued at $17,032,000 after acquiring an additional 80,530 shares in the last quarter. Vicus Capital bought a new stake in Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at approximately $15,612,000. Destiny Wealth Partners LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.2% during the 1st quarter. Destiny Wealth Partners LLC now owns 186,346 shares of the company’s stock worth $10,484,000 after purchasing an additional 7,461 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 173,955 shares of the company’s stock worth $10,211,000 after purchasing an additional 1,576 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Down 1.4%

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $61.28 on Friday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $48.17 and a 12-month high of $64.25. The stock has a market cap of $1.51 billion, a P/E ratio of 19.43 and a beta of 1.08. The business’s 50 day moving average is $58.49 and its 200-day moving average is $59.11.

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.