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

Colonial River Investments LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.3% in the third quarter, HoldingsChannel.com reports. The firm owned 28,274 shares of the company’s stock after buying an additional 906 shares during the quarter. Colonial River Investments LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,557,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 63,171 shares of the company’s stock valued at $3,131,000 after acquiring an additional 2,341 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 1st quarter worth approximately $317,000. Comerica Bank increased its position in Fidelity MSCI Communication Services Index ETF by 27.7% during the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after buying an additional 478 shares during the period. Soltis Investment Advisors LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 2.4% in the first quarter. Soltis Investment Advisors LLC now owns 11,691 shares of the company’s stock valued at $579,000 after buying an additional 276 shares during the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the first quarter valued at approximately $34,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.7 %

Shares of FCOM opened at $58.39 on Friday. The company’s 50 day simple moving average is $54.61 and its 200-day simple moving average is $52.39. The firm has a market cap of $1.26 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 12-month low of $40.64 and a 12-month high of $58.93.

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.