9,138 Fidelity MSCI Communication Services Index ETF $FCOM Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 5.4% in the third quarter, HoldingsChannel.com reports. The fund owned 177,857 shares of the company’s stock after purchasing an additional 9,138 shares during the quarter. Kestra Advisory Services LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $12,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth about $25,000. Allied Private Wealth LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at approximately $30,000. WestEnd Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at approximately $33,000. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at approximately $38,000. Finally, Greenleaf Trust acquired a new stake in Fidelity MSCI Communication Services Index ETF during the second quarter worth approximately $437,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM opened at $68.71 on Tuesday. The stock has a fifty day moving average of $70.79 and a two-hundred day moving average of $71.44. The company has a market capitalization of $1.60 billion, a PE ratio of 19.08 and a beta of 1.09. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $64.24 and a fifty-two week high of $75.94.

Fidelity MSCI Communication Services Index ETF 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.