Meridian Wealth Management LLC Makes New Investment in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Meridian Wealth Management LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,671 shares of the company’s stock, valued at approximately $808,000. Meridian Wealth Management LLC owned approximately 0.07% of Fidelity MSCI Communication Services Index ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New Millennium Group LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the first quarter worth $34,000. Farther Finance Advisors LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the third quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after purchasing an additional 1,477 shares in the last quarter. Comerica Bank grew its holdings in Fidelity MSCI Communication Services Index ETF by 27.7% in the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after purchasing an additional 478 shares during the last quarter. Finally, Smithfield Trust Co increased its position in shares of Fidelity MSCI Communication Services Index ETF by 13.2% in the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after buying an additional 450 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Down 0.2 %

Fidelity MSCI Communication Services Index ETF stock opened at $57.90 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 52 week low of $41.72 and a 52 week high of $59.14. The firm’s 50-day simple moving average is $55.92 and its 200 day simple moving average is $53.02.

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.