Stratos Wealth Partners LTD. Has $328,000 Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Stratos Wealth Partners LTD. cut its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,837 shares of the company’s stock after selling 340 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $328,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 22.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 8,067 shares of the company’s stock worth $454,000 after purchasing an additional 1,476 shares during the period. GAMMA Investing LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 5,525.8% during the first quarter. GAMMA Investing LLC now owns 7,426 shares of the company’s stock worth $418,000 after purchasing an additional 7,294 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 4.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,489 shares of the company’s stock worth $534,000 after purchasing an additional 370 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth approximately $254,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth approximately $244,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.8%

Shares of FCOM opened at $64.16 on Wednesday. Fidelity MSCI Communication Services Index ETF has a 12 month low of $48.17 and a 12 month high of $65.12. The firm’s 50 day moving average is $61.71 and its 200-day moving average is $59.54. The stock has a market capitalization of $1.60 billion, a PE ratio of 19.08 and a beta of 1.02.

Fidelity MSCI Communication Services Index ETF 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.