Full Sail Capital LLC Decreases Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Full Sail Capital LLC lessened its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 250,856 shares of the company’s stock after selling 8,166 shares during the quarter. Full Sail Capital LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $14,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Q3 Asset Management purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $11,358,000. Destiny Wealth Partners LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $10,501,000. Wells Fargo & Company MN raised its holdings in Fidelity MSCI Communication Services Index ETF by 38.4% in the 4th quarter. Wells Fargo & Company MN now owns 290,147 shares of the company’s stock worth $17,032,000 after purchasing an additional 80,530 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter worth about $2,898,000. Finally, Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 2.0% during the 4th quarter. Lido Advisors LLC now owns 1,708,690 shares of the company’s stock valued at $100,300,000 after purchasing an additional 33,595 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM opened at $57.06 on Friday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $48.17 and a 1 year high of $64.25. The stock has a market capitalization of $1.39 billion, a P/E ratio of 19.01 and a beta of 1.08. The company’s 50-day moving average is $55.61 and its 200 day moving average is $58.45.

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.