Fidelity MSCI Communication Services Index ETF $FCOM Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 45.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,528 shares of the company’s stock after selling 28,219 shares during the quarter. Kingswood Wealth Advisors LLC owned 0.14% of Fidelity MSCI Communication Services Index ETF worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter worth about $25,000. Allied Private Wealth LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth approximately $30,000. Rockefeller Capital Management L.P. boosted its stake in Fidelity MSCI Communication Services Index ETF by 24.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,594 shares of the company’s stock worth $117,000 after purchasing an additional 317 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth approximately $134,000. Finally, Western Wealth Management LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter worth approximately $141,000.

Fidelity MSCI Communication Services Index ETF Trading Down 1.4%

Shares of FCOM stock opened at $67.34 on Tuesday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $65.26 and a 1-year high of $75.94. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. The stock’s fifty day simple moving average is $71.68 and its 200-day simple moving average is $71.81.

About Fidelity MSCI Communication Services Index ETF

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.