Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Position Trimmed by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lowered its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,839 shares of the company’s stock after selling 9,155 shares during the period. Atria Wealth Solutions Inc. owned approximately 0.07% of Fidelity MSCI Communication Services Index ETF worth $572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FCOM. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 49,986 shares of the company’s stock worth $1,985,000 after buying an additional 10,694 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $320,000. Smith Salley & Associates raised its stake in Fidelity MSCI Communication Services Index ETF by 15.4% during the 3rd quarter. Smith Salley & Associates now owns 58,972 shares of the company’s stock valued at $2,342,000 after purchasing an additional 7,868 shares during the period. SFI Advisors LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 67.9% in the third quarter. SFI Advisors LLC now owns 9,816 shares of the company’s stock valued at $390,000 after purchasing an additional 3,969 shares in the last quarter. Finally, Congress Wealth Management LLC DE lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 71.0% in the third quarter. Congress Wealth Management LLC DE now owns 15,438 shares of the company’s stock valued at $613,000 after purchasing an additional 6,409 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 1.0 %

Shares of FCOM stock opened at $49.24 on Monday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1-year low of $35.94 and a 1-year high of $50.76. The stock’s fifty day simple moving average is $48.88 and its 200-day simple moving average is $45.74.

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.