Birchcreek Wealth Management LLC Purchases 2,090 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Birchcreek Wealth Management LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,342 shares of the company’s stock after purchasing an additional 2,090 shares during the quarter. Fidelity MSCI Communication Services Index ETF makes up approximately 0.7% of Birchcreek Wealth Management LLC’s holdings, making the stock its 29th biggest position. Birchcreek Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. AGF Management Ltd. grew its position in Fidelity MSCI Communication Services Index ETF by 10.6% during the second quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock valued at $40,978,000 after buying an additional 60,681 shares during the period. AE Wealth Management LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 7.3% during the 2nd quarter. AE Wealth Management LLC now owns 119,757 shares of the company’s stock worth $7,761,000 after acquiring an additional 8,122 shares during the last quarter. Maltin Wealth Management Inc. grew its position in shares of Fidelity MSCI Communication Services Index ETF by 2.0% during the 2nd quarter. Maltin Wealth Management Inc. now owns 58,061 shares of the company’s stock valued at $3,763,000 after acquiring an additional 1,154 shares during the period. Mcrae Capital Management Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $202,000. Finally, Atlantic Union Bankshares Corp bought a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $26,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM opened at $68.90 on Monday. The business’s fifty day moving average is $70.56 and its 200 day moving average is $65.55. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.96 and a fifty-two week high of $72.98. The company has a market capitalization of $1.78 billion, a PE ratio of 19.08 and a beta of 1.06.

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.