Elevated Capital Advisors LLC Invests $398,000 in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Elevated Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,772 shares of the company’s stock, valued at approximately $398,000.

Several other institutional investors have also recently bought and sold shares of FCOM. Farther Finance Advisors LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after acquiring an additional 1,477 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the second quarter valued at approximately $209,000. Smithfield Trust Co grew its stake in Fidelity MSCI Communication Services Index ETF by 13.2% in the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after purchasing an additional 450 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $215,000. Finally, Capital Square LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $220,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3 %

NYSEARCA:FCOM opened at $58.72 on Tuesday. The stock has a market capitalization of $1.26 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1-year low of $43.95 and a 1-year high of $62.11. The firm has a fifty day simple moving average of $59.33 and a 200 day simple moving average of $55.30.

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.