Harel Insurance Investments & Financial Services Ltd. Has $161.01 Million Holdings in Fidelity MSCI Communication Services Index ETF $FCOM

Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,484,280 shares of the company’s stock after purchasing an additional 459,088 shares during the quarter. Fidelity MSCI Communication Services Index ETF comprises approximately 1.8% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 15th largest position. Harel Insurance Investments & Financial Services Ltd. owned approximately 9.90% of Fidelity MSCI Communication Services Index ETF worth $161,006,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Independence Financial Advisors LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the first quarter worth $8,988,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,263,294 shares of the company’s stock valued at $71,073,000 after buying an additional 158,977 shares during the period. LPL Financial LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 42.1% during the first quarter. LPL Financial LLC now owns 181,932 shares of the company’s stock valued at $10,235,000 after acquiring an additional 53,928 shares during the last quarter. Beaumont Financial Advisors LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the second quarter valued at $1,851,000. Finally, Grimes & Company Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth about $1,373,000.

Fidelity MSCI Communication Services Index ETF Trading Up 0.2%

FCOM stock opened at $70.65 on Friday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $72.98. The stock has a 50-day moving average price of $70.41 and a 200-day moving average price of $64.87. The firm has a market cap of $1.83 billion, a PE ratio of 19.08 and a beta of 1.06.

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.