Lynch & Associates IN Sells 383 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lynch & Associates IN cut its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,159 shares of the company’s stock after selling 383 shares during the quarter. Lynch & Associates IN’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after acquiring an additional 1,477 shares in the last quarter. HBW Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $215,000. Smithfield Trust Co boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 13.2% in the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock worth $212,000 after purchasing an additional 450 shares in the last quarter. Capital Square LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth $220,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter worth $209,000.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM traded down $0.70 during midday trading on Friday, hitting $58.92. The company’s stock had a trading volume of 162,208 shares, compared to its average volume of 176,800. The firm has a market cap of $1.27 billion, a P/E ratio of 26.44 and a beta of 1.22. The firm’s 50 day moving average is $59.22 and its 200-day moving average is $55.17. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $43.95 and a fifty-two week high of $62.11.

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.