Fidelity MSCI Communication Services Index ETF $FCOM Shares Newly Bought by Lido Advisors LLC

Lido Advisors LLC bought a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 2,274,435 shares of the company’s stock, valued at approximately $163,782,000. Fidelity MSCI Communication Services Index ETF comprises about 0.4% of Lido Advisors LLC’s holdings, making the stock its 25th largest position. Lido Advisors LLC owned about 9.76% of Fidelity MSCI Communication Services Index ETF at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Fidelity MSCI Communication Services Index ETF by 5.2% in 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 purchasing an additional 155,067 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at approximately $8,816,000. Vertex Investment Solutions Co. Ltd. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter worth $6,268,000. Crumly & Associates Inc. lifted 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 worth $12,192,000 after buying an additional 28,464 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth $1,714,000.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA FCOM opened at $68.78 on Wednesday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $64.24 and a 1-year high of $75.94. The business has a 50 day simple moving average of $70.76 and a two-hundred day simple moving average of $71.42. The stock has a market capitalization of $1.59 billion, a PE ratio of 16.38 and a beta of 1.08.

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.