Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Bought by Atlas Brown Inc.

Atlas Brown Inc. lifted its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 7.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,921 shares of the company’s stock after acquiring an additional 760 shares during the period. Atlas Brown Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FCOM. Farther Finance Advisors LLC increased 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 purchasing an additional 1,477 shares in the last quarter. HBW Advisory Services LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $215,000. Smithfield Trust Co raised its holdings in shares of 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 worth $212,000 after acquiring an additional 450 shares during the last quarter. Capital Square LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at $220,000. Finally, Sanctuary Advisors LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth about $209,000.

Fidelity MSCI Communication Services Index ETF Stock Down 1.2 %

Shares of NYSEARCA:FCOM traded down $0.71 during trading on Friday, reaching $58.91. The stock had a trading volume of 154,383 shares, compared to its average volume of 174,044. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $43.95 and a fifty-two week high of $62.11. The business has a fifty day moving average price of $59.22 and a 200-day moving average price of $55.17. The stock has a market cap of $1.27 billion, a P/E 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.