AE Wealth Management LLC Purchases 8,122 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

AE Wealth Management LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,757 shares of the company’s stock after buying an additional 8,122 shares during the period. AE Wealth Management LLC owned 0.48% of Fidelity MSCI Communication Services Index ETF worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at about $26,000. Blair William & Co. IL raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 100.0% in the 1st 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 period. Signature Resources Capital Management LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at about $40,000. New Millennium Group LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 38.2% during the second quarter. New Millennium Group LLC now owns 727 shares of the company’s stock worth $47,000 after purchasing an additional 201 shares during the period. Finally, Harbour Investments Inc. grew its holdings in Fidelity MSCI Communication Services Index ETF by 14.4% during the second quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock worth $103,000 after purchasing an additional 201 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Down 0.2%

NYSEARCA:FCOM opened at $68.90 on Monday. The stock’s 50 day moving average price is $70.56 and its two-hundred day moving average price is $65.55. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 12-month low of $48.96 and a 12-month high of $72.98.

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.