Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Bought by Maltin Wealth Management Inc.

Maltin Wealth Management Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.2% in the 1st quarter, Holdings Channel reports. The firm owned 53,060 shares of the company’s stock after buying an additional 2,136 shares during the period. Fidelity MSCI Communication Services Index ETF makes up approximately 1.5% of Maltin Wealth Management Inc.’s portfolio, making the stock its 19th largest holding. Maltin Wealth Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,630,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $29,000. American National Bank raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 408.1% during the fourth quarter. American National Bank now owns 813 shares of the company’s stock valued at $36,000 after acquiring an additional 653 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 47.0% during the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock valued at $74,000 after acquiring an additional 597 shares during the period. Smithfield Trust Co acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $88,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $119,000.

Fidelity MSCI Communication Services Index ETF Stock Down 0.2 %

Shares of FCOM stock traded down $0.10 during trading hours on Friday, reaching $52.54. 24,106 shares of the stock traded hands, compared to its average volume of 95,525. The firm has a market capitalization of $1.13 billion, a PE ratio of 26.44 and a beta of 1.22. The business has a fifty day moving average price of $50.37 and a 200 day moving average price of $48.27. Fidelity MSCI Communication Services Index ETF has a 1-year low of $37.86 and a 1-year high of $52.93.

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.