Lido Advisors LLC Reduces Stock Position in Fidelity MSCI Communication Services Index ETF $FCOM

Lido Advisors LLC lessened its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,037,547 shares of the company’s stock after selling 27,623 shares during the period. Fidelity MSCI Communication Services Index ETF accounts for 0.4% of Lido Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Lido Advisors LLC owned approximately 0.09% of Fidelity MSCI Communication Services Index ETF worth $138,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vicus Capital grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.2% in the fourth quarter. Vicus Capital now owns 362,496 shares of the company’s stock worth $26,564,000 after purchasing an additional 14,451 shares during the last quarter. Odyssey Capital Advisors Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at about $509,000. Thrivent Financial for Lutherans bought a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at approximately $3,657,000. Redstone Wealth Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at approximately $8,993,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 90.4% in the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 40,366 shares of the company’s stock worth $2,958,000 after buying an additional 19,165 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM stock opened at $69.98 on Thursday. The firm has a market cap of $1.79 billion, a P/E ratio of 19.08 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $64.74 and a fifty-two week high of $75.94. The business’s 50 day moving average price is $71.73 and its 200-day moving average price is $72.07.

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.