Commonwealth Equity Services LLC Increases Position in Fidelity MSCI Communication Services Index ETF $FCOM

Commonwealth Equity Services LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 11.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 295,874 shares of the company’s stock after buying an additional 30,095 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.14% of Fidelity MSCI Communication Services Index ETF worth $20,998,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. raised 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 valued at $103,000 after acquiring an additional 201 shares during the period. New Millennium Group LLC grew its position in shares of 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 in the last quarter. Court Place Advisors LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 1.2% during the 2nd quarter. Court Place Advisors LLC now owns 16,805 shares of the company’s stock valued at $1,089,000 after purchasing an additional 202 shares during the period. Raymond James Financial Inc. raised its stake in Fidelity MSCI Communication Services Index ETF by 0.6% during the 2nd quarter. Raymond James Financial Inc. now owns 49,361 shares of the company’s stock valued at $3,199,000 after purchasing an additional 278 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in Fidelity MSCI Communication Services Index ETF by 1.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 23,978 shares of the company’s stock worth $1,554,000 after purchasing an additional 349 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock opened at $73.53 on Friday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $73.87. The business has a 50 day simple moving average of $71.58 and a two-hundred day simple moving average of $69.22.

Fidelity MSCI Communication Services Index ETF 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.