American National Bank & Trust purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,801 shares of the company’s stock, valued at approximately $1,714,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in FCOM. Allied Private Wealth LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth $30,000. Rockefeller Capital Management L.P. boosted its stake in Fidelity MSCI Communication Services Index ETF by 24.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,594 shares of the company’s stock worth $117,000 after buying an additional 317 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at approximately $134,000. Western Wealth Management LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the first quarter worth $141,000. Finally, Fifth Third Bancorp boosted its position in Fidelity MSCI Communication Services Index ETF by 33.6% in the 1st quarter. Fifth Third Bancorp now owns 3,196 shares of the company’s stock valued at $218,000 after buying an additional 803 shares during the period.
Fidelity MSCI Communication Services Index ETF Stock Performance
NYSEARCA FCOM traded down $0.50 on Wednesday, reaching $72.44. 66,748 shares of the stock traded hands, compared to its average volume of 182,204. Fidelity MSCI Communication Services Index ETF has a 12 month low of $65.26 and a 12 month high of $75.94. The company has a fifty day moving average price of $71.36 and a 200-day moving average price of $71.51. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04.
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.
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