Independent Advisor Alliance Invests $390,000 in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Independent Advisor Alliance bought a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,642 shares of the company’s stock, valued at approximately $390,000.

Several other hedge funds also recently made changes to their positions in the company. Q3 Asset Management acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $11,358,000. Destiny Wealth Partners LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $10,501,000. Personal CFO Solutions LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 6.0% in the 4th quarter. Personal CFO Solutions LLC now owns 116,090 shares of the company’s stock worth $6,814,000 after acquiring an additional 6,552 shares in the last quarter. Southern Capital Advisors LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 2.3% during the 4th quarter. Southern Capital Advisors LLC now owns 79,709 shares of the company’s stock valued at $4,679,000 after purchasing an additional 1,809 shares during the period. Finally, Yoder Wealth Management Inc. boosted its position in Fidelity MSCI Communication Services Index ETF by 11.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 66,884 shares of the company’s stock valued at $3,926,000 after purchasing an additional 6,778 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM opened at $57.32 on Tuesday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $46.37 and a 12-month high of $64.25. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.76 and a beta of 1.08. The business has a 50 day simple moving average of $60.87 and a 200 day simple moving average of $58.20.

Fidelity MSCI Communication Services Index ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

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