Commonwealth Equity Services LLC Buys New Holdings in Fidelity MSCI Communication Services Index ETF $FCOM

Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the third quarter, Holdings Channel.com reports. The firm purchased 122,421 shares of the company’s stock, valued at approximately $8,816,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FCOM. Root Financial Partners LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth approximately $25,000. Allied Private Wealth LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth approximately $30,000. WestEnd Advisors LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the third quarter worth $33,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth about $38,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at approximately $134,000.

Fidelity MSCI Communication Services Index ETF Stock Up 0.7%

FCOM opened at $69.22 on Friday. The stock has a market cap of $1.61 billion, a PE ratio of 16.38 and a beta of 1.09. The business has a 50 day moving average of $70.64 and a 200-day moving average of $71.35. Fidelity MSCI Communication Services Index ETF has a 52 week low of $64.24 and a 52 week high of $75.94.

Fidelity MSCI Communication Services Index ETF 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.