Mechanics Bank Trust Department Has $1.65 Million Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Mechanics Bank Trust Department cut its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMFree Report) by 5.5% in the first quarter, Holdings Channel.com reports. The firm owned 33,265 shares of the company’s stock after selling 1,927 shares during the quarter. Mechanics Bank Trust Department’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,649,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Fidelity MSCI Communication Services Index ETF by 47.0% during the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock worth $74,000 after purchasing an additional 597 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $262,000. Advisory Services Network LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 115.7% in the fourth quarter. Advisory Services Network LLC now owns 25,460 shares of the company’s stock valued at $1,134,000 after acquiring an additional 13,659 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 15.8% during the third quarter. Envestnet Asset Management Inc. now owns 348,423 shares of the company’s stock worth $13,836,000 after acquiring an additional 47,543 shares in the last quarter. Finally, Gimbal Financial acquired a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $1,917,000.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock traded up $0.42 during mid-day trading on Tuesday, reaching $51.93. The company had a trading volume of 25,981 shares, compared to its average volume of 94,950. Fidelity MSCI Communication Services Index ETF has a 52 week low of $37.86 and a 52 week high of $52.08. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The stock has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $48.14.

Fidelity MSCI Communication Services Index ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

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