Axxcess Wealth Management LLC Reduces Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Axxcess Wealth Management LLC trimmed its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 50.6% in the 4th quarter, HoldingsChannel reports. The firm owned 15,494 shares of the company’s stock after selling 15,884 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FCOM. Stonebridge Financial Planning Group LLC raised its position in Fidelity MSCI Communication Services Index ETF by 20.9% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 13,227 shares of the company’s stock worth $589,000 after buying an additional 2,286 shares during the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $231,000. Yoder Wealth Management Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 13.8% in the 4th quarter. Yoder Wealth Management Inc. now owns 52,726 shares of the company’s stock worth $2,349,000 after purchasing an additional 6,395 shares during the period. Gimbal Financial purchased a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth approximately $1,917,000. Finally, Williams & Novak LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $291,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Fidelity MSCI Communication Services Index ETF stock opened at $49.96 on Tuesday. The company’s fifty day moving average price is $48.93 and its 200 day moving average price is $45.81. The stock has a market capitalization of $1.07 billion, a P/E ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1 year low of $36.35 and a 1 year high of $50.76.

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.