RWA Wealth Partners LLC trimmed its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,484 shares of the company’s stock after selling 610 shares during the quarter. RWA Wealth Partners LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $205,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FCOM. Sanctuary Advisors LLC grew its position in Fidelity MSCI Communication Services Index ETF by 4.3% during the fourth quarter. Sanctuary Advisors LLC now owns 4,537 shares of the company’s stock valued at $285,000 after acquiring an additional 189 shares during the last quarter. Arkadios Wealth Advisors bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $259,000. Envestnet Portfolio Solutions Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth $244,000. Private Advisor Group LLC raised its position in Fidelity MSCI Communication Services Index ETF by 6.4% in the 4th quarter. Private Advisor Group LLC now owns 4,482 shares of the company’s stock worth $263,000 after purchasing an additional 271 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $201,000.
Fidelity MSCI Communication Services Index ETF Stock Up 0.6 %
NYSEARCA FCOM opened at $56.61 on Wednesday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 18.79 and a beta of 1.08. The company has a 50-day simple moving average of $60.41 and a two-hundred day simple moving average of $58.64. Fidelity MSCI Communication Services Index ETF has a 12-month low of $46.37 and a 12-month 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.
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