16,777 Shares in Fidelity MSCI Communication Services Index ETF $FCOM Purchased by Jacobs Equity LLC

Jacobs Equity LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,777 shares of the company’s stock, valued at approximately $1,229,000. Fidelity MSCI Communication Services Index ETF accounts for approximately 1.2% of Jacobs Equity LLC’s investment portfolio, making the stock its 24th largest holding. Jacobs Equity LLC owned about 0.06% of Fidelity MSCI Communication Services Index ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 10.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,990,672 shares of the company’s stock worth $219,156,000 after buying an additional 284,563 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at $18,465,000. Bellwether Advisors LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $14,682,000. Lido Advisors LLC grew its position in Fidelity MSCI Communication Services Index ETF by 10.4% in the third quarter. Lido Advisors LLC now owns 2,062,288 shares of the company’s stock valued at $146,361,000 after acquiring an additional 194,559 shares during the period. Finally, Orion Porfolio Solutions LLC grew its position in Fidelity MSCI Communication Services Index ETF by 282.8% in the second quarter. Orion Porfolio Solutions LLC now owns 177,845 shares of the company’s stock valued at $12,202,000 after acquiring an additional 131,384 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $70.39 on Friday. The firm has a market capitalization of $1.67 billion, a P/E ratio of 19.08 and a beta of 1.04. The stock has a fifty day moving average price of $73.21 and a two-hundred day moving average price of $72.45. Fidelity MSCI Communication Services Index ETF has a 52-week low of $60.84 and a 52-week high of $75.94.

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.