VCI Wealth Management LLC Buys 12,050 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

VCI Wealth Management LLC lifted its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 109.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,031 shares of the company’s stock after acquiring an additional 12,050 shares during the quarter. VCI Wealth Management LLC owned approximately 0.11% of Fidelity MSCI Communication Services Index ETF worth $1,352,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FCOM. Farther Finance Advisors LLC boosted its stake in 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 worth $82,000 after purchasing an additional 1,477 shares during the period. CX Institutional increased its holdings in Fidelity MSCI Communication Services Index ETF by 23.8% in the 3rd quarter. CX Institutional now owns 16,648 shares of the company’s stock valued at $917,000 after acquiring an additional 3,202 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Fidelity MSCI Communication Services Index ETF by 4.0% in the 3rd quarter. GSA Capital Partners LLP now owns 5,314 shares of the company’s stock worth $293,000 after purchasing an additional 203 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at about $259,000. Finally, Cetera Investment Advisers grew its position in shares of Fidelity MSCI Communication Services Index ETF by 15.9% during the second quarter. Cetera Investment Advisers now owns 18,428 shares of the company’s stock valued at $962,000 after purchasing an additional 2,525 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 0.1 %

NYSEARCA:FCOM opened at $61.69 on Tuesday. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.22 and a 12 month high of $62.11. The business’s 50-day moving average is $59.66 and its 200 day moving average is $55.76. The company has a market capitalization of $1.33 billion, a P/E ratio of 26.44 and a beta of 1.22.

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.