Lido Advisors LLC Increases Stock Position in Fidelity MSCI Communication Services Index ETF $FCOM

Lido Advisors LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,062,288 shares of the company’s stock after acquiring an additional 194,559 shares during the period. Fidelity MSCI Communication Services Index ETF makes up 0.5% of Lido Advisors LLC’s holdings, making the stock its 26th biggest holding. Lido Advisors LLC owned approximately 7.96% of Fidelity MSCI Communication Services Index ETF worth $146,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FCOM. Private Trust Co. NA boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% during the 3rd quarter. Private Trust Co. NA now owns 441 shares of the company’s stock worth $31,000 after purchasing an additional 417 shares during the period. Russell Investments Group Ltd. raised its position in Fidelity MSCI Communication Services Index ETF by 170.9% in the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares during the period. Farther Finance Advisors LLC lifted its stake in Fidelity MSCI Communication Services Index ETF by 31.1% during the third quarter. Farther Finance Advisors LLC now owns 1,555 shares of the company’s stock worth $110,000 after purchasing an additional 369 shares in the last quarter. Retirement Planning Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the third quarter worth $213,000. Finally, Mission Wealth Management LP purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth $214,000.

Fidelity MSCI Communication Services Index ETF Trading Down 0.9%

Shares of NYSEARCA FCOM opened at $70.20 on Monday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $48.96 and a twelve month high of $75.94. The stock has a fifty day simple moving average of $72.72 and a 200-day simple moving average of $71.60. The stock has a market capitalization of $1.84 billion, a PE ratio of 19.08 and a beta of 1.06.

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.