Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Purchased by Southern Capital Advisors LLC

Southern Capital Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,709 shares of the company’s stock after buying an additional 1,809 shares during the quarter. Fidelity MSCI Communication Services Index ETF comprises about 2.6% of Southern Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Southern Capital Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $4,679,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FCOM. Sound Income Strategies LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC raised its holdings in 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 during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth $209,000. Finally, Smithfield Trust Co lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 13.2% during 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 during the period.

Fidelity MSCI Communication Services Index ETF Stock Up 0.5 %

Shares of NYSEARCA:FCOM opened at $62.85 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 26.44 and a beta of 1.22. The business has a fifty day simple moving average of $59.92 and a 200-day simple moving average of $55.94. Fidelity MSCI Communication Services Index ETF has a 52 week low of $46.22 and a 52 week high of $63.57.

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.