Park Avenue Securities LLC Takes Position in Fidelity MSCI Communication Services Index ETF $FCOM

Park Avenue Securities LLC acquired a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,098 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently bought and sold shares of FCOM. CX Institutional grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 12.2% during the 2nd quarter. CX Institutional now owns 19,815 shares of the company’s stock valued at $1,284,000 after purchasing an additional 2,153 shares during the period. Sovran Advisors LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 10.6% in the second quarter. Sovran Advisors LLC now owns 6,256 shares of the company’s stock worth $401,000 after buying an additional 600 shares during the last quarter. Crumly & Associates Inc. grew its position in Fidelity MSCI Communication Services Index ETF by 11.2% during the second quarter. Crumly & Associates Inc. now owns 123,933 shares of the company’s stock valued at $8,032,000 after buying an additional 12,456 shares during the period. Integrity Alliance LLC. purchased a new stake in Fidelity MSCI Communication Services Index ETF during the first quarter valued at approximately $765,000. Finally, Ashton Thomas Private Wealth LLC raised its position in Fidelity MSCI Communication Services Index ETF by 18.6% in the first quarter. Ashton Thomas Private Wealth LLC now owns 9,616 shares of the company’s stock worth $541,000 after acquiring an additional 1,509 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $70.30 on Thursday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $72.98. The company’s fifty day simple moving average is $68.65 and its 200-day simple moving average is $62.44. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.08 and a beta of 1.02.

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.