Kovitz Investment Group Partners LLC Sells 68,663 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Kovitz Investment Group Partners LLC trimmed its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 60.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,543 shares of the company’s stock after selling 68,663 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.19% of Fidelity MSCI Communication Services Index ETF worth $2,562,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the first quarter worth approximately $113,937,000. Lido Advisors LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 2.0% in the fourth quarter. Lido Advisors LLC now owns 1,708,690 shares of the company’s stock worth $100,300,000 after purchasing an additional 33,595 shares during the last quarter. AGF Management Ltd. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 2.2% in the first quarter. AGF Management Ltd. now owns 571,594 shares of the company’s stock worth $32,158,000 after purchasing an additional 12,398 shares during the last quarter. Vicus Capital bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the first quarter worth approximately $15,612,000. Finally, Destiny Wealth Partners LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 4.2% in the first quarter. Destiny Wealth Partners LLC now owns 186,346 shares of the company’s stock worth $10,484,000 after purchasing an additional 7,461 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.2%

FCOM stock opened at $67.81 on Monday. The company’s 50 day moving average is $64.53 and its 200 day moving average is $60.47. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 19.08 and a beta of 1.02. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $68.29.

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.