AE Wealth Management LLC Has $6.73 Million Stake in Fidelity MSCI Communication Services Index ETF $FCOM

AE Wealth Management LLC lowered its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 20.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,759 shares of the company’s stock after selling 24,998 shares during the period. AE Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $6,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FCOM. NewEdge Advisors LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 128.0% in the first quarter. NewEdge Advisors LLC now owns 9,354 shares of the company’s stock valued at $526,000 after acquiring an additional 5,251 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 16.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 67,249 shares of the company’s stock valued at $4,358,000 after purchasing an additional 9,255 shares in the last quarter. Yoder Wealth Management Inc. lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 5.2% in the 2nd quarter. Yoder Wealth Management Inc. now owns 76,265 shares of the company’s stock valued at $4,943,000 after purchasing an additional 3,773 shares during the last quarter. Grimes & Company Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the second quarter worth $1,373,000. Finally, Elm3 Financial Group LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the second quarter worth $471,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock opened at $75.45 on Friday. Fidelity MSCI Communication Services Index ETF has a one year low of $48.96 and a one year high of $75.94. The company’s fifty day moving average price is $73.00 and its two-hundred day moving average price is $70.28. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.