GRIMES & Co WEALTH MANAGEMENT LLC Acquires 19,165 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

GRIMES & Co WEALTH MANAGEMENT LLC raised its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 90.4% during the fourth quarter, HoldingsChannel reports. The fund owned 40,366 shares of the company’s stock after purchasing an additional 19,165 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of FCOM. Russell Investments Group Ltd. increased its holdings in shares of 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 worth $36,000 after purchasing an additional 323 shares during the period. Larson Financial Group LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter worth $41,000. IFP Advisors Inc increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.6% in the third quarter. IFP Advisors Inc now owns 843 shares of the company’s stock worth $60,000 after purchasing an additional 144 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 31.1% in 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 during the period. Finally, Fifth Third Bancorp bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth $175,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Fidelity MSCI Communication Services Index ETF stock opened at $74.64 on Friday. The stock has a market cap of $1.77 billion, a P/E ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $57.00 and a fifty-two week high of $75.94. The firm’s fifty day moving average price is $71.63 and its 200-day moving average price is $71.85.

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.