Charter Oak Capital Management LLC Sells 1,106 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Charter Oak Capital Management LLC trimmed its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,967 shares of the company’s stock after selling 1,106 shares during the period. Charter Oak Capital Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FCOM. Grimes & Company Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $366,000. CX Institutional grew its position in Fidelity MSCI Communication Services Index ETF by 65.8% during the 4th quarter. CX Institutional now owns 27,608 shares of the company’s stock worth $1,621,000 after purchasing an additional 10,960 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at approximately $32,000. Secure Asset Management LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $261,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 64,496 shares of the company’s stock worth $3,786,000 after buying an additional 2,703 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA FCOM opened at $61.69 on Tuesday. The stock’s fifty day moving average price is $59.66 and its 200 day moving average price is $55.76. Fidelity MSCI Communication Services Index ETF has a 1 year low of $46.22 and a 1 year high of $62.11. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.

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.