KCM Investment Advisors LLC Decreases Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

KCM Investment Advisors LLC lowered its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,544 shares of the company’s stock after selling 316 shares during the period. KCM Investment Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional raised its position in Fidelity MSCI Communication Services Index ETF by 23.8% during the third quarter. CX Institutional now owns 16,648 shares of the company’s stock worth $917,000 after acquiring an additional 3,202 shares during the last quarter. Farther Finance Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the third quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after acquiring an additional 1,477 shares during the last quarter. Cetera Investment Advisers raised its position in Fidelity MSCI Communication Services Index ETF by 15.9% during the second quarter. Cetera Investment Advisers now owns 18,428 shares of the company’s stock worth $962,000 after acquiring an additional 2,525 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth about $209,000. Finally, Lynch & Associates IN raised its position in Fidelity MSCI Communication Services Index ETF by 2.7% during the second quarter. Lynch & Associates IN now owns 23,552 shares of the company’s stock worth $1,230,000 after acquiring an additional 625 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 2.0 %

Shares of FCOM opened at $57.10 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of 26.44 and a beta of 1.22. The company has a 50-day moving average of $55.28 and a two-hundred day moving average of $52.70. Fidelity MSCI Communication Services Index ETF has a 12-month low of $41.72 and a 12-month high of $59.14.

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.