Bayshore Capital Advisors LLC Purchases Shares of 8,136 Fidelity MSCI Communication Services Index ETF $FCOM

Bayshore Capital Advisors LLC purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 8,136 shares of the company’s stock, valued at approximately $596,000. Fidelity MSCI Communication Services Index ETF makes up about 0.3% of Bayshore Capital Advisors LLC’s holdings, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in FCOM. Russell Investments Group Ltd. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 170.9% during the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after buying an additional 323 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth about $41,000. IFP Advisors Inc grew its stake in Fidelity MSCI Communication Services Index ETF by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 843 shares of the company’s stock valued at $60,000 after purchasing an additional 144 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at about $175,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at about $202,000.

Fidelity MSCI Communication Services Index ETF Stock Up 1.3%

Shares of NYSEARCA:FCOM opened at $74.48 on Thursday. Fidelity MSCI Communication Services Index ETF has a 52-week low of $59.12 and a 52-week high of $75.94. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. The business has a 50-day moving average price of $71.76 and a 200-day moving average price of $71.95.

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.