Lifeworks Advisors LLC Increases Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lifeworks Advisors LLC boosted its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,803 shares of the company’s stock after purchasing an additional 3,322 shares during the period. Lifeworks Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CX Institutional increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 23.8% in the third quarter. CX Institutional now owns 16,648 shares of the company’s stock worth $917,000 after acquiring an additional 3,202 shares during the period. Cetera Investment Advisers grew its position in Fidelity MSCI Communication Services Index ETF by 15.9% during the 2nd quarter. Cetera Investment Advisers now owns 18,428 shares of the company’s stock worth $962,000 after purchasing an additional 2,525 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $209,000. Lynch & Associates IN lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 2.7% in the 2nd quarter. Lynch & Associates IN now owns 23,552 shares of the company’s stock valued at $1,230,000 after buying an additional 625 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 211.4% in the second quarter. Axxcess Wealth Management LLC now owns 40,248 shares of the company’s stock worth $2,102,000 after buying an additional 27,324 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock traded down $0.19 during trading on Thursday, hitting $58.38. 9,396 shares of the company traded hands, compared to its average volume of 92,800. Fidelity MSCI Communication Services Index ETF has a 1 year low of $41.72 and a 1 year high of $59.14. The stock’s 50-day simple moving average is $55.02 and its 200 day simple moving average is $52.60. The company has a market cap of $1.26 billion, a PE ratio of 26.44 and a beta of 1.22.

About Fidelity MSCI Communication Services Index ETF

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.