Odyssey Capital Advisors Inc. Invests $509,000 in Fidelity MSCI Communication Services Index ETF $FCOM

Odyssey Capital Advisors Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,945 shares of the company’s stock, valued at approximately $509,000.

A number of other hedge funds also recently modified their holdings of FCOM. NewEdge Advisors LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 128.0% during the first quarter. NewEdge Advisors LLC now owns 9,354 shares of the company’s stock worth $526,000 after purchasing an additional 5,251 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 155.9% during the second quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock worth $1,342,000 after purchasing an additional 12,617 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1,423.2% during the second quarter. Qube Research & Technologies Ltd now owns 4,920 shares of the company’s stock worth $319,000 after purchasing an additional 4,597 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 25.9% during the second quarter. Quantinno Capital Management LP now owns 4,783 shares of the company’s stock worth $310,000 after purchasing an additional 983 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 0.6% during the second quarter. Raymond James Financial Inc. now owns 49,361 shares of the company’s stock worth $3,199,000 after purchasing an additional 278 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock opened at $73.94 on Monday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 12-month low of $59.12 and a 12-month high of $75.94. The company’s fifty day simple moving average is $71.80 and its 200 day simple moving average is $71.99.

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.