Eudaimonia Advisors LLC Sells 6,760 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Eudaimonia Advisors LLC lowered its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 13.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,591 shares of the company’s stock after selling 6,760 shares during the period. Fidelity MSCI Communication Services Index ETF makes up 1.3% of Eudaimonia Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Eudaimonia Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,986,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FCOM. Raymond James Financial Services Advisors Inc. lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 27.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 49,986 shares of the company’s stock worth $1,985,000 after acquiring an additional 10,694 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth approximately $320,000. Lynch & Associates IN increased its holdings in Fidelity MSCI Communication Services Index ETF by 9.7% during the 3rd quarter. Lynch & Associates IN now owns 19,979 shares of the company’s stock valued at $793,000 after purchasing an additional 1,764 shares in the last quarter. Smith Salley & Associates increased its holdings in Fidelity MSCI Communication Services Index ETF by 15.4% during the 3rd quarter. Smith Salley & Associates now owns 58,972 shares of the company’s stock valued at $2,342,000 after purchasing an additional 7,868 shares in the last quarter. Finally, SFI Advisors LLC increased its holdings in Fidelity MSCI Communication Services Index ETF by 67.9% during the 3rd quarter. SFI Advisors LLC now owns 9,816 shares of the company’s stock valued at $390,000 after purchasing an additional 3,969 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM traded up $0.86 during midday trading on Tuesday, hitting $49.14. The stock had a trading volume of 51,673 shares, compared to its average volume of 113,273. The company’s 50-day simple moving average is $48.83 and its 200 day simple moving average is $45.26. The firm has a market cap of $1.05 billion, a P/E ratio of 27.52 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $35.37 and a fifty-two week high of $50.76.

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.