Fidelity MSCI Communication Services Index ETF $FCOM Shares Bought by CW Advisors LLC

CW Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 24.6% in the second quarter, Holdings Channel reports. The institutional investor owned 43,008 shares of the company’s stock after purchasing an additional 8,493 shares during the period. CW Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,787,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Blair William & Co. IL grew its position in shares of Fidelity MSCI Communication Services Index ETF by 100.0% during the 1st quarter. Blair William & Co. IL now owns 448 shares of the company’s stock valued at $25,000 after acquiring an additional 224 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth approximately $26,000. Signature Resources Capital Management LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth approximately $40,000. New Millennium Group LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 38.2% in the second quarter. New Millennium Group LLC now owns 727 shares of the company’s stock valued at $47,000 after purchasing an additional 201 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 14.4% in the second quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock valued at $103,000 after buying an additional 201 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA:FCOM opened at $73.50 on Friday. The business’s 50 day moving average price is $70.33 and its 200-day moving average price is $67.29. Fidelity MSCI Communication Services Index ETF has a 1 year low of $48.96 and a 1 year high of $73.82. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.