Janney Montgomery Scott LLC Sells 6,502 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Janney Montgomery Scott LLC trimmed its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 10.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,994 shares of the company’s stock after selling 6,502 shares during the quarter. Janney Montgomery Scott LLC owned about 0.24% of Fidelity MSCI Communication Services Index ETF worth $3,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pacific Sun Financial Corp boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 7.1% during the first quarter. Pacific Sun Financial Corp now owns 19,009 shares of the company’s stock worth $1,069,000 after acquiring an additional 1,261 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 4.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,489 shares of the company’s stock worth $534,000 after purchasing an additional 370 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 24.4% in the 1st quarter. Integrated Advisors Network LLC now owns 11,687 shares of the company’s stock valued at $657,000 after purchasing an additional 2,296 shares during the period. Destiny Wealth Partners LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 4.2% in the 1st quarter. Destiny Wealth Partners LLC now owns 186,346 shares of the company’s stock valued at $10,484,000 after purchasing an additional 7,461 shares during the period. Finally, Retirement Planning Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at $201,000.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock opened at $62.82 on Wednesday. The business’s fifty day moving average price is $58.83 and its two-hundred day moving average price is $59.14. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 19.08 and a beta of 1.08. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.17 and a fifty-two week high of $64.25.

Fidelity MSCI Communication Services Index ETF Company 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.