Redstone Wealth Management LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 122,722 shares of the company’s stock, valued at approximately $8,993,000. Fidelity MSCI Communication Services Index ETF comprises 7.1% of Redstone Wealth Management LLC’s holdings, making the stock its 5th largest position. Redstone Wealth Management LLC owned approximately 0.47% of Fidelity MSCI Communication Services Index ETF as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after buying an additional 323 shares during the last quarter. Larson Financial Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $41,000. Global Retirement Partners LLC grew its stake in Fidelity MSCI Communication Services Index ETF by 286.7% in the 4th quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock valued at $53,000 after buying an additional 539 shares during the last quarter. IFP Advisors Inc grew its stake in Fidelity MSCI Communication Services Index ETF by 20.6% in the 3rd quarter. IFP Advisors Inc now owns 843 shares of the company’s stock valued at $60,000 after buying an additional 144 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $175,000.
Fidelity MSCI Communication Services Index ETF Price Performance
NYSEARCA FCOM opened at $73.86 on Monday. The company has a market capitalization of $1.75 billion, a P/E ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 12-month low of $59.12 and a 12-month high of $75.94. The firm has a 50-day moving average price of $71.96 and a two-hundred day moving average price of $72.09.
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.
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