Vicus Capital Has $24.70 Million Stake in Fidelity MSCI Communication Services Index ETF $FCOM

Vicus Capital boosted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 20.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 348,045 shares of the company’s stock after acquiring an additional 58,356 shares during the quarter. Fidelity MSCI Communication Services Index ETF accounts for about 1.9% of Vicus Capital’s holdings, making the stock its 15th biggest position. Vicus Capital’s holdings in Fidelity MSCI Communication Services Index ETF were worth $24,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FCOM. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth $26,000. Private Trust Co. NA increased its position 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 worth $31,000 after acquiring an additional 417 shares in the last quarter. Signature Resources Capital Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth about $40,000. New Millennium Group LLC raised its holdings in shares of 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 acquiring an additional 201 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Fidelity MSCI Communication Services Index ETF by 14.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock valued at $103,000 after acquiring an additional 201 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM stock opened at $73.92 on Monday. The business has a 50-day simple moving average of $71.64 and a two-hundred day simple moving average of $69.40. The company has a market capitalization of $1.95 billion, a P/E 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.

About Fidelity MSCI Communication Services Index ETF

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.