Navellier & Associates Inc. Invests $3.14 Million in Fidelity MSCI Communication Services Index ETF $FCOM

Navellier & Associates Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,000 shares of the company’s stock, valued at approximately $3,141,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 5.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock valued at $214,288,000 after purchasing an additional 155,067 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake 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 during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth $18,465,000. Wells Fargo & Company MN grew its holdings in Fidelity MSCI Communication Services Index ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 246,813 shares of the company’s stock worth $18,086,000 after acquiring an additional 3,854 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter worth about $14,682,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $71.18 on Friday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $65.26 and a 1 year high of $75.94. The firm’s 50-day simple moving average is $70.36 and its 200-day simple moving average is $71.44. The firm has a market cap of $1.82 billion, a PE ratio of 19.08 and a beta of 1.05.

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.