Thrivent Financial for Lutherans Trims Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Thrivent Financial for Lutherans lowered its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,603 shares of the company’s stock after selling 16,703 shares during the quarter. Thrivent Financial for Lutherans owned about 0.17% of Fidelity MSCI Communication Services Index ETF worth $2,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its position in Fidelity MSCI Communication Services Index ETF by 16.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 48,973 shares of the company’s stock worth $2,875,000 after buying an additional 6,811 shares during the last quarter. Harbour Investments Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 43.7% during the fourth quarter. Harbour Investments Inc. now owns 1,681 shares of the company’s stock worth $99,000 after purchasing an additional 511 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at about $244,000. HighTower Advisors LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 0.9% in the 4th quarter. HighTower Advisors LLC now owns 173,955 shares of the company’s stock valued at $10,211,000 after purchasing an additional 1,576 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $390,000.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM opened at $56.04 on Friday. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.37 and a 12 month high of $64.25. The stock has a market capitalization of $1.36 billion, a P/E ratio of 18.76 and a beta of 1.08. The business has a 50 day simple moving average of $60.55 and a 200-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.