Vertex Investment Solutions Co. Ltd. Takes $6.27 Million Position in Fidelity MSCI Communication Services Index ETF $FCOM

Vertex Investment Solutions Co. Ltd. acquired a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 89,900 shares of the company’s stock, valued at approximately $6,268,000. Fidelity MSCI Communication Services Index ETF accounts for 4.2% of Vertex Investment Solutions Co. Ltd.’s holdings, making the stock its 8th largest holding. Vertex Investment Solutions Co. Ltd. owned 0.35% of Fidelity MSCI Communication Services Index ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FCOM. Redstone Wealth Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $8,993,000. Odyssey Capital Advisors Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at about $509,000. Thrivent Financial for Lutherans bought a new stake in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $3,657,000. GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 90.4% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 40,366 shares of the company’s stock worth $2,958,000 after purchasing an additional 19,165 shares during the period. Finally, Blue Jean Financial LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $891,000.

Fidelity MSCI Communication Services Index ETF Stock Down 0.8%

Shares of FCOM opened at $71.37 on Friday. The stock has a market cap of $1.83 billion, a P/E ratio of 19.08 and a beta of 1.05. The business’s 50 day moving average price is $70.62 and its 200-day moving average price is $71.40. Fidelity MSCI Communication Services Index ETF has a 52 week low of $65.26 and a 52 week high of $75.94.

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.