Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Acquired by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. increased its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 9.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,106 shares of the company’s stock after purchasing an additional 5,027 shares during the period. Fidelity MSCI Communication Services Index ETF accounts for about 2.0% of Yoder Wealth Management Inc.’s investment portfolio, making the stock its 15th biggest holding. Yoder Wealth Management Inc. owned about 0.28% of Fidelity MSCI Communication Services Index ETF worth $3,311,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. New Millennium Group LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the second quarter worth about $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the first quarter valued at approximately $34,000. Comerica Bank raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% during the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after buying an additional 478 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 25.6% during the first quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock valued at $116,000 after buying an additional 479 shares during the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 72.2% during the first quarter. Smithfield Trust Co now owns 3,400 shares of the company’s stock valued at $169,000 after buying an additional 1,425 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM remained flat at $54.99 during midday trading on Thursday. The company had a trading volume of 5,018 shares, compared to its average volume of 93,254. Fidelity MSCI Communication Services Index ETF has a 1 year low of $37.86 and a 1 year high of $55.89. The company has a market cap of $1.18 billion, a P/E ratio of 26.44 and a beta of 1.22. The company’s 50 day moving average price is $53.62 and its 200-day moving average price is $51.76.

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.