CX Institutional Raises Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

CX Institutional raised its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 65.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,608 shares of the company’s stock after purchasing an additional 10,960 shares during the period. CX Institutional’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in Fidelity MSCI Communication Services Index ETF by 4.6% during the second quarter. Thrivent Financial for Lutherans now owns 40,585 shares of the company’s stock worth $2,120,000 after purchasing an additional 1,775 shares in the last quarter. Cetera Investment Advisers raised its stake 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 acquiring an additional 2,525 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the second quarter valued at $209,000. American National Bank & Trust boosted its stake in Fidelity MSCI Communication Services Index ETF by 10.7% in the third quarter. American National Bank & Trust now owns 5,197 shares of the company’s stock valued at $286,000 after acquiring an additional 501 shares in the last quarter. Finally, Maltin Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1.4% during the third quarter. Maltin Wealth Management Inc. now owns 54,343 shares of the company’s stock worth $2,993,000 after purchasing an additional 724 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Fidelity MSCI Communication Services Index ETF stock opened at $61.74 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.22 and a fifty-two week high of $62.11. The stock has a 50-day simple moving average of $59.57 and a 200-day simple moving average of $55.67.

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.