Savvy Advisors Inc. Has $276,000 Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Savvy Advisors Inc. lowered its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,701 shares of the company’s stock after selling 506 shares during the period. Savvy Advisors Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 38.4% in the fourth quarter. Wells Fargo & Company MN now owns 290,147 shares of the company’s stock valued at $17,032,000 after purchasing an additional 80,530 shares during the last quarter. Q3 Asset Management bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth about $11,358,000. Destiny Wealth Partners LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $10,501,000. HighTower Advisors LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 173,955 shares of the company’s stock worth $10,211,000 after buying an additional 1,576 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 24.1% in the 4th quarter. LPL Financial LLC now owns 128,004 shares of the company’s stock worth $7,514,000 after buying an additional 24,852 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.2 %

Shares of FCOM opened at $53.67 on Tuesday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 18.79 and a beta of 1.08. The stock has a 50 day moving average of $58.37 and a 200 day moving average of $58.54. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.37 and a 12 month high of $64.25.

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.