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:FCOM) 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

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.