RFP Financial Group LLC Takes $1.04 Million Position in Fidelity MSCI Communication Services Index ETF $FCOM

RFP Financial Group LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 14,235 shares of the company’s stock, valued at approximately $1,043,000. Fidelity MSCI Communication Services Index ETF makes up about 0.5% of RFP Financial Group LLC’s holdings, making the stock its 23rd largest holding.

Other hedge funds have also recently modified their holdings of the company. Simplex Trading LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 80.9% during the fourth quarter. Simplex Trading LLC now owns 360 shares of the company’s stock valued at $26,000 after buying an additional 161 shares during the last quarter. Russell Investments Group Ltd. grew its stake 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 bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at approximately $41,000. Global Retirement Partners LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 286.7% during the fourth quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock valued at $53,000 after buying an additional 539 shares during the last quarter. Finally, IFP Advisors Inc grew its stake 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 valued at $60,000 after buying an additional 144 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM opened at $70.78 on Monday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. The stock’s 50 day moving average price is $73.04 and its 200-day moving average price is $72.46. Fidelity MSCI Communication Services Index ETF has a one year low of $60.84 and a one year high of $75.94.

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.