Park Avenue Securities LLC Sells 450,383 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Park Avenue Securities LLC trimmed its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 99.2% in the third quarter, Holdings Channel.com reports. The firm owned 3,464 shares of the company’s stock after selling 450,383 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $249,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Fidelity MSCI Communication Services Index ETF by 5.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock worth $214,288,000 after buying an additional 155,067 shares during the period. Independence Financial Advisors LLC lifted its stake in 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 valued at $13,902,000 after buying an additional 7,616 shares in the last quarter. Redstone Wealth Management LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 3.8% in the third quarter. Redstone Wealth Management LLC now owns 173,114 shares of the company’s stock valued at $12,466,000 after buying an additional 6,412 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.2% in the third 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. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 166,444 shares of the company’s stock valued at $11,338,000 after buying an additional 3,336 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $66.81 on Monday. The company has a 50 day moving average of $70.84 and a 200-day moving average of $71.46. Fidelity MSCI Communication Services Index ETF has a twelve month low of $64.24 and a twelve month high of $75.94. The stock has a market capitalization of $1.56 billion, a PE ratio of 19.08 and a beta of 1.09.

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.