Cwm LLC Reduces Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Cwm LLC cut its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 53.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,988 shares of the company’s stock after selling 2,248 shares during the period. Cwm LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $89,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 47.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock worth $74,000 after acquiring an additional 597 shares in the last quarter. Vista Investment Management lifted its position in Fidelity MSCI Communication Services Index ETF by 4.7% during the third quarter. Vista Investment Management now owns 16,191 shares of the company’s stock valued at $643,000 after buying an additional 720 shares during the period. Lynch & Associates IN boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 6.0% during the 4th quarter. Lynch & Associates IN now owns 21,181 shares of the company’s stock valued at $944,000 after buying an additional 1,202 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 34.6% during the 4th quarter. Raymond James & Associates now owns 7,096 shares of the company’s stock valued at $316,000 after buying an additional 1,824 shares in the last quarter. Finally, Nwam LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 17.3% in the 3rd quarter. Nwam LLC now owns 12,868 shares of the company’s stock worth $511,000 after buying an additional 1,901 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM opened at $50.08 on Wednesday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $36.35 and a 1 year high of $50.76. The firm has a 50-day moving average of $48.96 and a 200 day moving average of $45.88. The stock has a market cap of $1.08 billion, a P/E ratio of 26.44 and a beta of 1.22.

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.