Axxcess Wealth Management LLC Buys 6,811 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Axxcess Wealth Management LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,973 shares of the company’s stock after acquiring an additional 6,811 shares during the period. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $34,000. Harbour Investments Inc. grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 43.7% during the fourth quarter. Harbour Investments Inc. now owns 1,681 shares of the company’s stock valued at $99,000 after buying an additional 511 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth approximately $201,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $210,000.

Fidelity MSCI Communication Services Index ETF Stock Down 1.6 %

FCOM opened at $56.38 on Wednesday. The business has a fifty day moving average of $60.80 and a 200 day moving average of $58.23. The stock has a market cap of $1.37 billion, a P/E ratio of 18.76 and a beta of 1.08. Fidelity MSCI Communication Services Index ETF has a 52-week low of $46.37 and a 52-week high of $64.25.

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.