Sovran Advisors LLC Purchases Shares of 4,606 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Sovran Advisors LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,606 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $32,000. Decker Retirement Planning Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at $34,000. Farther Finance Advisors LLC increased its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after purchasing an additional 1,477 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at about $209,000. Finally, Smithfield Trust Co lifted its holdings in Fidelity MSCI Communication Services Index ETF by 13.2% in the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after purchasing an additional 450 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $63.80 on Friday. The firm’s 50-day moving average is $60.78 and its two-hundred day moving average is $56.75. The stock has a market capitalization of $1.37 billion, a P/E ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 12-month low of $46.37 and a 12-month high of $63.95.

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.