LPL Financial LLC Acquires 24,852 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

LPL Financial LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 24.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 128,004 shares of the company’s stock after purchasing an additional 24,852 shares during the quarter. LPL Financial LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $7,514,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FCOM. Sanctuary Advisors LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 4.3% in the fourth quarter. Sanctuary Advisors LLC now owns 4,537 shares of the company’s stock valued at $285,000 after purchasing an additional 189 shares in the last quarter. Sigma Planning Corp lifted its stake in Fidelity MSCI Communication Services Index ETF by 1.3% during the 4th quarter. Sigma Planning Corp now owns 14,918 shares of the company’s stock valued at $876,000 after acquiring an additional 194 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 6.4% during the fourth quarter. Private Advisor Group LLC now owns 4,482 shares of the company’s stock valued at $263,000 after purchasing an additional 271 shares in the last quarter. Prairie Wealth Advisors Inc. lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 8.6% during the 4th quarter. Prairie Wealth Advisors Inc. now owns 4,001 shares of the company’s stock worth $235,000 after buying an additional 316 shares in the last quarter. Finally, Gimbal Financial boosted its position in Fidelity MSCI Communication Services Index ETF by 5.5% in the fourth quarter. Gimbal Financial now owns 7,153 shares of the company’s stock worth $420,000 after purchasing an additional 372 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA:FCOM opened at $50.92 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 18.79 and a beta of 1.08. The company’s 50-day moving average is $59.97 and its 200 day moving average is $58.61. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.37 and a fifty-two week high of $64.25.

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.