Vicus Capital Sells 44,777 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Vicus Capital lessened its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 317,719 shares of the company’s stock after selling 44,777 shares during the period. Fidelity MSCI Communication Services Index ETF comprises 1.6% of Vicus Capital’s holdings, making the stock its 17th biggest position. Vicus Capital’s holdings in Fidelity MSCI Communication Services Index ETF were worth $21,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCOM. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Fidelity MSCI Communication Services Index ETF by 10.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,990,672 shares of the company’s stock valued at $219,156,000 after buying an additional 284,563 shares during the period. Lido Advisors LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 10.4% during the third quarter. Lido Advisors LLC now owns 2,062,288 shares of the company’s stock worth $146,361,000 after buying an additional 194,559 shares during the period. Commonwealth Equity Services LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 297,696 shares of the company’s stock valued at $21,815,000 after acquiring an additional 1,822 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at $18,465,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 246,813 shares of the company’s stock valued at $18,086,000 after acquiring an additional 3,854 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM opened at $68.28 on Monday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a 12 month low of $63.59 and a 12 month high of $75.94. The stock has a fifty day moving average price of $72.79 and a 200-day moving average price of $72.29.

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.