Destiny Wealth Partners LLC Buys Shares of 178,885 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Destiny Wealth Partners LLC acquired a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 178,885 shares of the company’s stock, valued at approximately $10,501,000. Fidelity MSCI Communication Services Index ETF comprises approximately 1.7% of Destiny Wealth Partners LLC’s portfolio, making the stock its 18th largest position. Destiny Wealth Partners LLC owned approximately 0.83% of Fidelity MSCI Communication Services Index ETF at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $32,000. Decker Retirement Planning Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $34,000. Farther Finance Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after buying an additional 1,477 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at about $215,000. Finally, Smithfield Trust Co increased its stake in 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 acquiring an additional 450 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Up 0.4 %

Shares of FCOM opened at $63.07 on Friday. The company has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $55.99. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.22 and a 12 month high of $63.74.

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.