Thrivent Financial for Lutherans Makes New $3.66 Million Investment in Fidelity MSCI Communication Services Index ETF $FCOM

Thrivent Financial for Lutherans purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,900 shares of the company’s stock, valued at approximately $3,657,000.

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

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $73.86 on Friday. The firm has a fifty day moving average price of $71.96 and a 200 day moving average price of $72.08. Fidelity MSCI Communication Services Index ETF has a 1 year low of $59.12 and a 1 year high of $75.94. The stock has a market cap of $1.75 billion, a PE ratio of 19.08 and a beta of 1.06.

Fidelity MSCI Communication Services Index ETF 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.