Trexquant Investment LP Acquires Shares of 4,343 Fidelity MSCI Communication Services Index ETF $FCOM

Trexquant Investment LP acquired a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,343 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 14.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,294 shares of the company’s stock valued at $71,073,000 after purchasing an additional 158,977 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 43.9% in the 1st quarter. Hsbc Holdings PLC now owns 10,704 shares of the company’s stock valued at $602,000 after purchasing an additional 3,265 shares in the last quarter. Leigh Baldwin & CO. LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 11.4% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,179 shares of the company’s stock valued at $235,000 after purchasing an additional 429 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 5.0% in the 1st quarter. HighTower Advisors LLC now owns 182,689 shares of the company’s stock valued at $10,278,000 after purchasing an additional 8,734 shares in the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 2.2% in the 1st quarter. AGF Management Ltd. now owns 571,594 shares of the company’s stock valued at $32,158,000 after purchasing an additional 12,398 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $70.99 on Wednesday. The firm has a market cap of $1.79 billion, a PE ratio of 19.08 and a beta of 1.02. The firm’s 50-day simple moving average is $66.42 and its 200-day simple moving average is $61.08. Fidelity MSCI Communication Services Index ETF has a 1 year low of $48.96 and a 1 year high of $71.02.

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.