Independence Financial Advisors LLC Grows Stock Position in Fidelity MSCI Communication Services Index ETF $FCOM

Independence Financial Advisors LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 193,054 shares of the company’s stock after purchasing an additional 7,616 shares during the quarter. Fidelity MSCI Communication Services Index ETF comprises 3.5% of Independence Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $13,902,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Allied Private Wealth LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the second quarter valued at approximately $30,000. Rockefeller Capital Management L.P. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 24.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,594 shares of the company’s stock worth $117,000 after acquiring an additional 317 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $134,000. Western Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the first quarter worth $141,000. Finally, Fifth Third Bancorp lifted its position in Fidelity MSCI Communication Services Index ETF by 33.6% in the 1st quarter. Fifth Third Bancorp now owns 3,196 shares of the company’s stock valued at $218,000 after acquiring an additional 803 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM traded up $0.22 on Thursday, reaching $72.78. The company had a trading volume of 176,515 shares, compared to its average volume of 182,513. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a 1-year low of $65.26 and a 1-year high of $75.94. The company’s fifty day moving average is $71.42 and its 200-day moving average is $71.53.

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.