KDK Private Wealth Management LLC Makes New Investment in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

KDK Private Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 21,248 shares of the company’s stock, valued at approximately $1,247,000. Fidelity MSCI Communication Services Index ETF comprises about 1.3% of KDK Private Wealth Management LLC’s holdings, making the stock its 15th biggest position.

Other large investors have also modified their holdings of the company. MML Investors Services LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 9,809 shares of the company’s stock worth $540,000 after buying an additional 421 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity MSCI Communication Services Index ETF by 23.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,857 shares of the company’s stock worth $488,000 after acquiring an additional 1,675 shares during the last quarter. HBW Advisory Services LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter worth about $215,000. Atlas Brown Inc. lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 7.5% in the 4th quarter. Atlas Brown Inc. now owns 10,921 shares of the company’s stock valued at $641,000 after purchasing an additional 760 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $398,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM opened at $53.12 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 18.79 and a beta of 1.08. Fidelity MSCI Communication Services Index ETF has a one year low of $46.37 and a one year high of $64.25. The company’s 50 day moving average price is $58.77 and its 200 day moving average price is $58.52.

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.