Lynch & Associates IN Cuts Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lynch & Associates IN lowered its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,159 shares of the company’s stock after selling 383 shares during the quarter. Lynch & Associates IN owned 0.11% of Fidelity MSCI Communication Services Index ETF worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atlas Brown Inc. boosted its stake in Fidelity MSCI Communication Services Index ETF by 7.5% during the fourth quarter. Atlas Brown Inc. now owns 10,921 shares of the company’s stock worth $641,000 after buying an additional 760 shares during the period. HBW Advisory Services LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $215,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 23.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,857 shares of the company’s stock worth $488,000 after purchasing an additional 1,675 shares during the period. MML Investors Services LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 9,809 shares of the company’s stock valued at $540,000 after purchasing an additional 421 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its position in Fidelity MSCI Communication Services Index ETF by 1.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,832 shares of the company’s stock worth $2,635,000 after purchasing an additional 465 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA:FCOM traded down $0.70 during trading hours on Friday, hitting $58.92. 162,208 shares of the company’s stock traded hands, compared to its average volume of 176,800. The business has a fifty day moving average price of $59.22 and a 200-day moving average price of $55.17. Fidelity MSCI Communication Services Index ETF has a 1 year low of $43.95 and a 1 year high of $62.11. The firm has a market capitalization of $1.27 billion, a P/E ratio of 26.44 and a beta of 1.22.

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.