Sovran Advisors LLC Buys Shares of 4,606 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Sovran Advisors LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 4th quarter, Holdings Channel reports. The firm purchased 4,606 shares of the company’s stock, valued at approximately $269,000.

Several other large investors also recently made changes to their positions in FCOM. Sound Income Strategies LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $32,000. Decker Retirement Planning Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $34,000. Farther Finance Advisors LLC boosted its position in 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 worth $82,000 after acquiring an additional 1,477 shares during the period. HBW Advisory Services LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $215,000. Finally, Smithfield Trust Co increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 13.2% during the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after purchasing an additional 450 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Up 0.6 %

Shares of NYSEARCA FCOM opened at $63.80 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 26.44 and a beta of 1.22. The firm’s 50-day simple moving average is $60.78 and its 200 day simple moving average is $56.75. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.37 and a fifty-two week high of $63.95.

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.