Lee Danner & Bass Inc. Invests $51,000 in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lee Danner & Bass Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 877 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCOM. GSA Capital Partners LLP lifted its holdings in Fidelity MSCI Communication Services Index ETF by 4.0% during the third quarter. GSA Capital Partners LLP now owns 5,314 shares of the company’s stock worth $293,000 after acquiring an additional 203 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Fidelity MSCI Communication Services Index ETF by 28.9% during the third quarter. Thrivent Financial for Lutherans now owns 52,306 shares of the company’s stock worth $2,881,000 after acquiring an additional 11,721 shares in the last quarter. Meridian Wealth Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $808,000. Capital Square LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $220,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 1.0% during the third quarter. Orion Portfolio Solutions LLC now owns 47,832 shares of the company’s stock worth $2,635,000 after acquiring an additional 465 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.6 %

FCOM stock opened at $57.33 on Friday. The business’s 50-day moving average price is $60.66 and its two-hundred day moving average price is $58.29. The firm has a market cap of $1.40 billion, a PE ratio of 18.76 and a beta of 1.08. Fidelity MSCI Communication Services Index ETF has a 1-year low of $46.37 and a 1-year high of $64.25.

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.