Raymond James & Associates Has $316,000 Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Raymond James & Associates boosted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,096 shares of the company’s stock after purchasing an additional 1,824 shares during the period. Raymond James & Associates’ holdings in Fidelity MSCI Communication Services Index ETF were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in Fidelity MSCI Communication Services Index ETF by 47.0% in the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock valued at $74,000 after purchasing an additional 597 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $228,000. Stratos Wealth Partners LTD. bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $320,000. SFI Advisors LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 67.9% in the 3rd quarter. SFI Advisors LLC now owns 9,816 shares of the company’s stock valued at $390,000 after acquiring an additional 3,969 shares during the period. Finally, Stonebridge Financial Planning Group LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $434,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM opened at $48.92 on Monday. The firm has a 50-day moving average of $48.86 and a 200-day moving average of $45.47. Fidelity MSCI Communication Services Index ETF has a one year low of $35.94 and a one year high of $50.76. The company has a market cap of $1.05 billion, a PE ratio of 27.52 and a beta of 1.22.

Fidelity MSCI Communication Services Index ETF 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.