Fidelity MSCI Communication Services Index ETF $FCOM Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 944.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 88,867 shares of the company’s stock after acquiring an additional 80,357 shares during the quarter. Kingswood Wealth Advisors LLC owned 0.34% of Fidelity MSCI Communication Services Index ETF worth $6,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 16.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 67,249 shares of the company’s stock worth $4,358,000 after acquiring an additional 9,255 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth about $201,000. AGF Management Ltd. raised its holdings in Fidelity MSCI Communication Services Index ETF by 10.6% in the 2nd quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock worth $40,978,000 after purchasing an additional 60,681 shares during the period. VCI Wealth Management LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 7.4% during the second quarter. VCI Wealth Management LLC now owns 21,409 shares of the company’s stock worth $1,388,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Court Place Advisors LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 1.2% in the second quarter. Court Place Advisors LLC now owns 16,805 shares of the company’s stock valued at $1,089,000 after purchasing an additional 202 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $73.27 on Thursday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $73.87. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. The stock has a 50 day simple moving average of $71.52 and a 200-day simple moving average of $69.19.

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.