Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.8% in the 4th quarter, HoldingsChannel reports. The firm owned 30,764 shares of the company’s stock after buying an additional 3,961 shares during the quarter. Lifeworks Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,806,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FCOM. Ashton Thomas Private Wealth LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $476,000. Raymond James Financial Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at $2,898,000. Jones Financial Companies Lllp boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 8.0% during the fourth quarter. Jones Financial Companies Lllp now owns 10,979 shares of the company’s stock valued at $644,000 after acquiring an additional 809 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $201,000. Finally, Colonial River Investments LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 5.4% in the 4th quarter. Colonial River Investments LLC now owns 29,793 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,519 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.5 %

NYSEARCA:FCOM opened at $59.44 on Friday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12-month low of $46.37 and a 12-month high of $64.25. The company’s 50-day moving average is $61.15 and its two-hundred day moving average is $57.94.

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.