Commonwealth Equity Services LLC Sells 24,330 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Commonwealth Equity Services LLC decreased its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,445 shares of the company’s stock after selling 24,330 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.30% of Fidelity MSCI Communication Services Index ETF worth $16,462,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 173,955 shares of the company’s stock valued at $10,211,000 after buying an additional 1,576 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $390,000. Personal CFO Solutions LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 6.0% during the 4th quarter. Personal CFO Solutions LLC now owns 116,090 shares of the company’s stock valued at $6,814,000 after purchasing an additional 6,552 shares during the period. Lifeworks Advisors LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 14.8% in the 4th quarter. Lifeworks Advisors LLC now owns 30,764 shares of the company’s stock worth $1,806,000 after purchasing an additional 3,961 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $476,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM opened at $57.32 on Tuesday. The stock has a 50 day moving average price of $60.87 and a 200-day moving average price of $58.20. Fidelity MSCI Communication Services Index ETF has a one year low of $46.37 and a one year high of $64.25. The company has a market capitalization of $1.40 billion, a P/E ratio of 18.76 and a beta of 1.08.

Fidelity MSCI Communication Services Index ETF Company 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.