Independence Financial Advisors LLC Acquires 13,880 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Independence Financial Advisors LLC grew its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 160,321 shares of the company’s stock after buying an additional 13,880 shares during the quarter. Fidelity MSCI Communication Services Index ETF makes up 3.5% of Independence Financial Advisors LLC’s portfolio, making the stock its 12th largest position. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $11,378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FCOM. Atlantic Union Bankshares Corp bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter worth about $26,000. Private Trust Co. NA grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% during the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock valued at $31,000 after purchasing an additional 417 shares during the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at approximately $40,000. New Millennium Group LLC raised its position in Fidelity MSCI Communication Services Index ETF by 38.2% in the 2nd quarter. New Millennium Group LLC now owns 727 shares of the company’s stock worth $47,000 after purchasing an additional 201 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 14.4% during the 2nd quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock worth $103,000 after buying an additional 201 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM opened at $73.92 on Friday. The business’s fifty day moving average price is $71.64 and its two-hundred day moving average price is $69.35. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 52 week low of $48.96 and a 52 week high of $74.14.

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.