Colonial River Investments LLC Grows Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Colonial River Investments LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,793 shares of the company’s stock after purchasing an additional 1,519 shares during the quarter. Colonial River Investments LLC owned about 0.14% of Fidelity MSCI Communication Services Index ETF worth $1,749,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 4.3% during the fourth quarter. Sanctuary Advisors LLC now owns 4,537 shares of the company’s stock valued at $285,000 after purchasing an additional 189 shares in the last quarter. Sigma Planning Corp raised its stake in Fidelity MSCI Communication Services Index ETF by 1.3% during the fourth quarter. Sigma Planning Corp now owns 14,918 shares of the company’s stock valued at $876,000 after purchasing an additional 194 shares in the last quarter. GSA Capital Partners LLP raised its stake in Fidelity MSCI Communication Services Index ETF by 4.0% during the third quarter. GSA Capital Partners LLP now owns 5,314 shares of the company’s stock valued at $293,000 after purchasing an additional 203 shares in the last quarter. Private Advisor Group LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 6.4% during the fourth quarter. Private Advisor Group LLC now owns 4,482 shares of the company’s stock valued at $263,000 after purchasing an additional 271 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. raised its stake in Fidelity MSCI Communication Services Index ETF by 8.6% during the fourth quarter. Prairie Wealth Advisors Inc. now owns 4,001 shares of the company’s stock valued at $235,000 after purchasing an additional 316 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Down 1.7 %

Fidelity MSCI Communication Services Index ETF stock opened at $61.84 on Monday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The firm’s fifty day moving average is $61.12 and its 200 day moving average is $57.37. Fidelity MSCI Communication Services Index ETF has a 52-week low of $46.37 and a 52-week high of $64.25.

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.