Savvy Advisors Inc. Raises Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Savvy Advisors Inc. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 23.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,207 shares of the company’s stock after purchasing an additional 993 shares during the quarter. Savvy Advisors Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FCOM. New Millennium Group LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the first quarter worth $34,000. Farther Finance Advisors LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after buying an additional 1,477 shares in the last quarter. Comerica Bank boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after purchasing an additional 478 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the second quarter valued at $209,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.5 %

NYSEARCA FCOM opened at $58.57 on Thursday. The stock has a market cap of $1.26 billion, a PE ratio of 26.44 and a beta of 1.22. The company’s 50-day moving average price is $54.88 and its 200-day moving average price is $52.56. Fidelity MSCI Communication Services Index ETF has a 12 month low of $41.72 and a 12 month high of $59.14.

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.