Legacy Capital Group California Inc. Invests $253,000 in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Legacy Capital Group California Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,310 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at $34,000. Farther Finance Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the third quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after buying an additional 1,477 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth about $210,000. Finally, Smithfield Trust Co boosted its position in Fidelity MSCI Communication Services Index ETF by 13.2% during the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock worth $212,000 after acquiring an additional 450 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM opened at $61.84 on Friday. The stock’s 50-day moving average is $61.11 and its two-hundred day moving average is $57.23. The stock has a market cap of $1.33 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.37 and a fifty-two week high of $64.25.

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.