Lynch & Associates IN Acquires 990 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lynch & Associates IN increased its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,542 shares of the company’s stock after purchasing an additional 990 shares during the quarter. Lynch & Associates IN’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,352,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. New Millennium Group LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Communication Services Index ETF in the first quarter valued at about $34,000. American National Bank raised its holdings in Fidelity MSCI Communication Services Index ETF by 57.1% in the first quarter. American National Bank now owns 1,277 shares of the company’s stock worth $63,000 after purchasing an additional 464 shares in the last quarter. Comerica Bank lifted its position 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. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 25.6% in the 1st quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock valued at $116,000 after buying an additional 479 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 0.2 %

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $55.65 on Wednesday. The company has a market cap of $1.20 billion, a P/E ratio of 26.44 and a beta of 1.22. The firm’s 50 day moving average price is $53.08 and its 200-day moving average price is $51.54. Fidelity MSCI Communication Services Index ETF has a 52-week low of $37.86 and a 52-week high of $55.86.

Fidelity MSCI Communication Services Index ETF Company 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.