Maltin Wealth Management Inc. Sells 8,244 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Maltin Wealth Management Inc. cut its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,120 shares of the company’s stock after selling 8,244 shares during the quarter. Fidelity MSCI Communication Services Index ETF comprises about 1.3% of Maltin Wealth Management Inc.’s holdings, making the stock its 26th largest position. Maltin Wealth Management Inc. owned 0.21% of Fidelity MSCI Communication Services Index ETF worth $3,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. LongView Wealth Management grew its holdings in Fidelity MSCI Communication Services Index ETF by 3.7% during the 4th quarter. LongView Wealth Management now owns 3,961 shares of the company’s stock worth $293,000 after acquiring an additional 143 shares during the period. IFP Advisors Inc boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 843 shares of the company’s stock worth $60,000 after buying an additional 144 shares in the last quarter. Simplex Trading LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 80.9% during the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock worth $26,000 after buying an additional 161 shares during the period. Sigma Planning Corp increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 1.3% in the 4th quarter. Sigma Planning Corp now owns 12,837 shares of the company’s stock valued at $941,000 after acquiring an additional 166 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,807 shares of the company’s stock valued at $868,000 after acquiring an additional 181 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Down 1.1%

Shares of NYSEARCA FCOM opened at $67.67 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 19.08 and a beta of 1.04. The company’s fifty day simple moving average is $72.91 and its 200 day simple moving average is $72.32. Fidelity MSCI Communication Services Index ETF has a 12-month low of $62.85 and a 12-month 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.