Bayshore Capital Advisors LLC Makes New Investment in Fidelity MSCI Communication Services Index ETF $FCOM

Bayshore Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,136 shares of the company’s stock, valued at approximately $586,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Fidelity MSCI Communication Services Index ETF by 5.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock worth $214,288,000 after acquiring an additional 155,067 shares during the period. Independence Financial Advisors LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 4.1% in the third quarter. Independence Financial Advisors LLC now owns 193,054 shares of the company’s stock worth $13,902,000 after purchasing an additional 7,616 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 5.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 177,857 shares of the company’s stock worth $12,808,000 after purchasing an additional 9,138 shares in the last quarter. Redstone Wealth Management LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 3.8% during the 3rd quarter. Redstone Wealth Management LLC now owns 173,114 shares of the company’s stock worth $12,466,000 after acquiring an additional 6,412 shares during the period. Finally, Crumly & Associates Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF by 20.2% during the third quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock worth $12,192,000 after buying an additional 28,464 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 0.7%

Shares of FCOM stock opened at $66.81 on Friday. The stock has a fifty day moving average of $70.84 and a 200 day moving average of $71.46. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.08 and a beta of 1.09. Fidelity MSCI Communication Services Index ETF has a 52 week low of $64.24 and a 52 week high of $75.94.

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.