Envestnet Asset Management Inc. Has $2.63 Million Stock Position in Fidelity MSCI Communication Services Index ETF $FCOM

Envestnet Asset Management Inc. lowered its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 21.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,054 shares of the company’s stock after selling 10,334 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.14% of Fidelity MSCI Communication Services Index ETF worth $2,630,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 11.3% in the third quarter. Commonwealth Equity Services LLC now owns 295,874 shares of the company’s stock valued at $20,998,000 after purchasing an additional 30,095 shares in the last quarter. AGF Management Ltd. boosted its position in Fidelity MSCI Communication Services Index ETF by 10.6% in the 2nd quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock valued at $40,978,000 after buying an additional 60,681 shares during the last quarter. Independence Financial Advisors LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 9.5% in the 3rd quarter. Independence Financial Advisors LLC now owns 160,321 shares of the company’s stock valued at $11,378,000 after buying an additional 13,880 shares during the period. Smith Shellnut Wilson LLC ADV bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth $553,000. Finally, Smithfield Trust Co raised its position in shares of Fidelity MSCI Communication Services Index ETF by 41.2% during the second quarter. Smithfield Trust Co now owns 6,650 shares of the company’s stock worth $431,000 after acquiring an additional 1,940 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 0.1%

Fidelity MSCI Communication Services Index ETF stock opened at $72.17 on Friday. The business’s 50-day simple moving average is $72.95 and its 200 day simple moving average is $71.17. The stock has a market cap of $1.89 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 $75.94.

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.