Fidelity MSCI Communication Services Index ETF $FCOM Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,310 shares of the company’s stock after selling 179 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FCOM. Blair William & Co. IL increased its stake in Fidelity MSCI Communication Services Index ETF by 100.0% during the first quarter. Blair William & Co. IL now owns 448 shares of the company’s stock valued at $25,000 after purchasing an additional 224 shares during the last quarter. Rossby Financial LCC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at about $29,000. Leigh Baldwin & CO. LLC lifted its holdings in 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 acquiring an additional 429 shares during the last quarter. Trexquant Investment LP purchased a new stake in Fidelity MSCI Communication Services Index ETF during the first quarter valued at about $244,000. Finally, Smithfield Trust Co lifted its stake in Fidelity MSCI Communication Services Index ETF by 22.3% during the first quarter. Smithfield Trust Co now owns 4,710 shares of the company’s stock valued at $265,000 after buying an additional 860 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3%

FCOM stock opened at $70.18 on Friday. The firm has a 50-day moving average of $68.83 and a two-hundred day moving average of $62.66. Fidelity MSCI Communication Services Index ETF has a one year low of $48.96 and a one year high of $72.98. The firm has a market capitalization of $1.80 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.