Envestnet Asset Management Inc. Sells 62,261 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Envestnet Asset Management Inc. lessened its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 56.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,388 shares of the company’s stock after selling 62,261 shares during the quarter. Envestnet Asset Management Inc. owned 0.19% of Fidelity MSCI Communication Services Index ETF worth $3,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FCOM. Atria Wealth Solutions Inc. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 159.5% during the first quarter. Atria Wealth Solutions Inc. now owns 29,462 shares of the company’s stock valued at $1,658,000 after acquiring an additional 18,110 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 16.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 67,249 shares of the company’s stock valued at $4,358,000 after purchasing an additional 9,255 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $201,000. Cetera Investment Advisers raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 11.6% in the first quarter. Cetera Investment Advisers now owns 21,039 shares of the company’s stock worth $1,184,000 after purchasing an additional 2,184 shares during the last quarter. Finally, VCI Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 7.4% during the second quarter. VCI Wealth Management LLC now owns 21,409 shares of the company’s stock valued at $1,388,000 after purchasing an additional 1,475 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $68.15 on Friday. Fidelity MSCI Communication Services Index ETF has a one year low of $48.96 and a one year high of $72.98. The business’s fifty day moving average is $70.58 and its 200 day moving average is $65.97. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.08 and a beta of 1.06.

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.