Maltin Wealth Management Inc. Sells 8,244 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Maltin Wealth Management Inc. decreased its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 50,120 shares of the company’s stock after selling 8,244 shares during the period. Fidelity MSCI Communication Services Index ETF makes up about 1.3% of Maltin Wealth Management Inc.’s portfolio, making the stock its 26th largest position. Maltin Wealth Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $3,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. LongView Wealth Management grew its holdings in Fidelity MSCI Communication Services Index ETF by 3.7% during the fourth quarter. LongView Wealth Management now owns 3,961 shares of the company’s stock worth $293,000 after buying an additional 143 shares in the last quarter. IFP Advisors Inc boosted its holdings in Fidelity MSCI Communication Services Index ETF by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 843 shares of the company’s stock worth $60,000 after acquiring an additional 144 shares during the last quarter. Simplex Trading LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 80.9% during the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock worth $26,000 after acquiring an additional 161 shares during the last quarter. Sigma Planning Corp boosted its holdings in Fidelity MSCI Communication Services Index ETF by 1.3% during the 4th quarter. Sigma Planning Corp now owns 12,837 shares of the company’s stock worth $941,000 after acquiring an additional 166 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,807 shares of the company’s stock worth $868,000 after acquiring an additional 181 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $67.67 on Friday. Fidelity MSCI Communication Services Index ETF has a one year low of $62.85 and a one year high of $75.94. The firm has a 50-day moving average of $72.91 and a 200-day moving average of $72.32. The company has a market cap of $1.60 billion, a P/E ratio of 19.08 and a beta of 1.04.

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.