95,469 Fidelity MSCI Communication Services Index ETF $FCOM Shares Sold by Mechanics Bank Trust Department

Mechanics Bank Trust Department cut its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 81.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,693 shares of the company’s stock after selling 95,469 shares during the period. Mechanics Bank Trust Department owned about 0.09% of Fidelity MSCI Communication Services Index ETF worth $1,562,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Crumly & Associates Inc. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.2% in the 3rd quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock valued at $12,192,000 after buying an additional 28,464 shares during the period. Vertex Investment Solutions Co. Ltd. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth $6,268,000. American National Bank & Trust acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth $1,714,000. Kovitz Investment Group Partners LLC raised its stake in Fidelity MSCI Communication Services Index ETF by 17.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 104,850 shares of the company’s stock worth $7,683,000 after buying an additional 15,255 shares during the period. Finally, RFP Financial Group LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $1,043,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM stock traded up $0.58 during midday trading on Tuesday, hitting $73.32. 246,919 shares of the company’s stock were exchanged, compared to its average volume of 183,667. The stock’s fifty day moving average price is $71.62 and its 200-day moving average price is $71.60. The company has a market cap of $1.86 billion, a PE ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a one year low of $65.26 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.