Savvy Advisors Inc. Boosts Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Savvy Advisors Inc. increased its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 23.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,207 shares of the company’s stock after acquiring an additional 993 shares during the quarter. Savvy Advisors Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. New Millennium Group LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the first quarter worth $34,000. Farther Finance Advisors LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in the third quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after purchasing an additional 1,477 shares during the period. Comerica Bank raised its position in Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after buying an additional 478 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $209,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.5 %

Shares of FCOM stock opened at $58.57 on Thursday. The stock has a 50 day moving average of $54.88 and a 200 day moving average of $52.56. Fidelity MSCI Communication Services Index ETF has a twelve month low of $41.72 and a twelve month 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.

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.