Janney Montgomery Scott LLC Acquires 9,255 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Janney Montgomery Scott LLC grew its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 16.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,249 shares of the company’s stock after acquiring an additional 9,255 shares during the period. Janney Montgomery Scott LLC owned 0.27% of Fidelity MSCI Communication Services Index ETF worth $4,358,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF by 22.4% in the first quarter. Kingswood Wealth Advisors LLC now owns 8,067 shares of the company’s stock worth $454,000 after acquiring an additional 1,476 shares during the period. GAMMA Investing LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 5,525.8% during the 1st quarter. GAMMA Investing LLC now owns 7,426 shares of the company’s stock valued at $418,000 after purchasing an additional 7,294 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 valued at $534,000 after purchasing an additional 370 shares during the period. Atria Wealth Solutions Inc. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 159.5% during the 1st quarter. Atria Wealth Solutions Inc. now owns 29,462 shares of the company’s stock valued at $1,658,000 after purchasing an additional 18,110 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at $201,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $69.99 on Wednesday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.08 and a beta of 1.02. Fidelity MSCI Communication Services Index ETF has a one year low of $48.96 and a one year high of $72.98. The company’s fifty day moving average price is $69.03 and its 200-day moving average price is $62.84.

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.