Exchange Capital Management Inc. Sells 1,043 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Exchange Capital Management Inc. trimmed its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,089 shares of the company’s stock after selling 1,043 shares during the quarter. Exchange Capital Management Inc. owned about 0.16% of Fidelity MSCI Communication Services Index ETF worth $2,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 8,688.2% in 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. J.W. Cole Advisors Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $210,000. Finally, Smithfield Trust Co grew its holdings in Fidelity MSCI Communication Services Index ETF by 13.2% during 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 during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3 %

NYSEARCA:FCOM opened at $61.63 on Tuesday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a twelve month low of $46.37 and a twelve month high of $64.25. The stock has a fifty day simple moving average of $61.12 and a 200-day simple moving average of $57.42.

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.