Fidelity MSCI Communication Services Index ETF $FCOM Shares Bought by VCI Wealth Management LLC

VCI Wealth Management LLC boosted its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 7.4% in the second quarter, HoldingsChannel.com reports. The fund owned 21,409 shares of the company’s stock after acquiring an additional 1,475 shares during the quarter. VCI Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,388,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FCOM. Blair William & Co. IL lifted its position in Fidelity MSCI Communication Services Index ETF by 100.0% during the 1st quarter. Blair William & Co. IL now owns 448 shares of the company’s stock worth $25,000 after acquiring an additional 224 shares during the period. Rossby Financial LCC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 1st quarter valued at about $29,000. Signature Resources Capital Management LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $40,000. Harbour Investments Inc. raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 14.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock valued at $103,000 after buying an additional 201 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $201,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM opened at $70.98 on Tuesday. The stock has a 50-day simple moving average of $69.73 and a two-hundred day simple moving average of $63.73. The firm has a market capitalization of $1.84 billion, a P/E ratio of 19.08 and a beta of 1.02. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.96 and a fifty-two week high of $72.98.

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.