Main Street Financial Solutions LLC Sells 368 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Main Street Financial Solutions LLC decreased its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,763 shares of the company’s stock after selling 368 shares during the period. Main Street Financial Solutions LLC owned 0.11% of Fidelity MSCI Communication Services Index ETF worth $1,254,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New Millennium Group LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the first quarter valued at about $34,000. Farther Finance Advisors LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after buying an additional 1,477 shares during the period. Comerica Bank increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after acquiring an additional 478 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at approximately $209,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA FCOM opened at $58.57 on Thursday. Fidelity MSCI Communication Services Index ETF has a 52-week low of $41.72 and a 52-week high of $59.14. The stock has a market cap of $1.26 billion, a P/E ratio of 26.44 and a beta of 1.22. The firm has a 50 day moving average price of $54.88 and a 200 day moving average price of $52.56.

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.