Envestnet Portfolio Solutions Inc. Purchases Shares of 4,149 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,149 shares of the company’s stock, valued at approximately $244,000.

Several other large investors also recently made changes to their positions in the stock. Q3 Asset Management bought a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $11,358,000. Destiny Wealth Partners LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $10,501,000. Raymond James Financial Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $2,898,000. VCI Wealth Management LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 109.7% during the 4th quarter. VCI Wealth Management LLC now owns 23,031 shares of the company’s stock worth $1,352,000 after acquiring an additional 12,050 shares during the last quarter. Finally, CX Institutional raised its stake in Fidelity MSCI Communication Services Index ETF by 65.8% in the 4th quarter. CX Institutional now owns 27,608 shares of the company’s stock valued at $1,621,000 after acquiring an additional 10,960 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $56.04 on Friday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $46.37 and a 1 year high of $64.25. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 18.76 and a beta of 1.08. The business has a fifty day simple moving average of $60.55 and a two-hundred day simple moving average of $58.47.

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.