Exchange Capital Management Inc. Trims Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Exchange Capital Management Inc. lessened its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,089 shares of the company’s stock after selling 1,043 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $32,000. Decker Retirement Planning Inc. bought a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 8,688.2% in the third quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after acquiring an additional 1,477 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $210,000. Finally, HBW Advisory Services LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $215,000.

Fidelity MSCI Communication Services Index ETF Stock Down 0.3 %

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $61.63 on Tuesday. The firm has a market capitalization of $1.50 billion, a PE ratio of 22.38 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12-month low of $46.37 and a 12-month high of $64.25. The stock’s fifty day moving average is $61.12 and its 200-day moving average is $57.42.

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.