Exchange Capital Management Inc. Sells 389 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Exchange Capital Management Inc. reduced its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,268 shares of the company’s stock after selling 389 shares during the quarter. Exchange Capital Management Inc. owned about 0.18% of Fidelity MSCI Communication Services Index ETF worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. American National Bank boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 57.1% in the 1st quarter. American National Bank now owns 1,277 shares of the company’s stock worth $63,000 after purchasing an additional 464 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 25.6% in the 1st quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock worth $116,000 after acquiring an additional 479 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 1.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 54,668 shares of the company’s stock worth $2,435,000 after acquiring an additional 519 shares during the last quarter. Principal Securities Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $29,000. Finally, Lynch & Associates IN raised its holdings in Fidelity MSCI Communication Services Index ETF by 6.0% in the 4th quarter. Lynch & Associates IN now owns 21,181 shares of the company’s stock worth $944,000 after acquiring an additional 1,202 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA FCOM traded up $0.29 during mid-day trading on Tuesday, reaching $52.34. The stock had a trading volume of 39,199 shares, compared to its average volume of 97,611. Fidelity MSCI Communication Services Index ETF has a 1 year low of $37.86 and a 1 year high of $52.93. The stock has a market cap of $1.13 billion, a PE ratio of 26.44 and a beta of 1.22. The company has a fifty day moving average price of $50.52 and a 200 day moving average price of $48.47.

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.