CIBC Private Wealth Group LLC increased its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) by 757.8% during the 4th quarter, Holdings Channel reports. The fund owned 549 shares of the company’s stock after purchasing an additional 485 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $33,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of FCOM. Brown Brothers Harriman & Co. acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $143,000. Moment Partners LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $219,000. JPMorgan Chase & Co. raised its stake in Fidelity MSCI Communication Services Index ETF by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 7,950 shares of the company’s stock valued at $467,000 after buying an additional 162 shares in the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 24.4% during the fourth quarter. Congress Wealth Management LLC DE now owns 34,737 shares of the company’s stock worth $2,039,000 after purchasing an additional 6,808 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 24.1% during the fourth quarter. LPL Financial LLC now owns 128,004 shares of the company’s stock worth $7,514,000 after purchasing an additional 24,852 shares during the last quarter.
Fidelity MSCI Communication Services Index ETF Stock Performance
Shares of FCOM stock opened at $55.25 on Thursday. The stock’s 50-day moving average is $58.97 and its two-hundred day moving average is $58.53. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.79 and a beta of 1.08. Fidelity MSCI Communication Services Index ETF has a 1 year low of $46.37 and a 1 year high of $64.25.
About Fidelity MSCI Communication Services Index ETF
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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Want to see what other hedge funds are holding FCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report).
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