Gimbal Financial Buys 2,507 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Gimbal Financial grew its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,045 shares of the company’s stock after purchasing an additional 2,507 shares during the quarter. Fidelity MSCI Communication Services Index ETF makes up approximately 1.0% of Gimbal Financial’s portfolio, making the stock its 13th largest holding. Gimbal Financial owned 0.12% of Fidelity MSCI Communication Services Index ETF worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. bought a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $29,000. Pathway Financial Advisers LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the 1st quarter worth about $34,000. American National Bank raised its position 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 buying an additional 653 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at about $88,000. Finally, Comerica Bank lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after buying an additional 478 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA:FCOM traded up $0.44 during trading on Friday, hitting $51.17. 70,993 shares of the stock were exchanged, compared to its average volume of 98,976. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1-year low of $37.86 and a 1-year high of $53.66. The company’s fifty day simple moving average is $51.63 and its 200-day simple moving average is $49.89.

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.