Charles Schwab Investment Management Inc. Has $270.55 Million Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Charles Schwab Investment Management Inc. cut its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,609,045 shares of the company’s stock after selling 109,162 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.21% of Fidelity MSCI Communication Services Index ETF worth $270,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FCOM. Q3 Asset Management acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $11,358,000. Destiny Wealth Partners LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at about $10,501,000. Beckerman Institutional LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the third quarter valued at about $1,279,000. Meridian Wealth Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $808,000. Finally, VCI Wealth Management LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 109.7% during the 4th quarter. VCI Wealth Management LLC now owns 23,031 shares of the company’s stock worth $1,352,000 after buying an additional 12,050 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA:FCOM opened at $60.30 on Thursday. The firm’s 50 day simple moving average is $61.17 and its 200 day simple moving average is $57.89. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.37 and a fifty-two week high of $64.25. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05.

Fidelity MSCI Communication Services Index ETF Company 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.