Capital Square LLC Has $291,000 Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Capital Square LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,720 shares of the company’s stock after acquiring an additional 730 shares during the period. Capital Square LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $291,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Q3 Asset Management bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $11,358,000. Destiny Wealth Partners LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $10,501,000. Wells Fargo & Company MN grew its holdings in Fidelity MSCI Communication Services Index ETF by 38.4% during the 4th quarter. Wells Fargo & Company MN now owns 290,147 shares of the company’s stock worth $17,032,000 after acquiring an additional 80,530 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth about $2,898,000. Finally, LPL Financial LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 24.1% during the fourth quarter. LPL Financial LLC now owns 128,004 shares of the company’s stock worth $7,514,000 after purchasing an additional 24,852 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $52.37 on Thursday. The firm has a 50 day simple moving average of $57.97 and a 200 day simple moving average of $58.46. 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 firm has a market cap of $1.28 billion, a P/E ratio of 18.79 and a beta of 1.08.

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.