Independence Financial Advisors LLC Lowers Stock Position in Fidelity MSCI Communication Services Index ETF $FCOM

Independence Financial Advisors LLC trimmed its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 146,441 shares of the company’s stock after selling 13,309 shares during the period. Fidelity MSCI Communication Services Index ETF accounts for about 3.7% of Independence Financial Advisors LLC’s portfolio, making the stock its 13th largest position. Independence Financial Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $9,491,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FCOM. Smithfield Trust Co increased its position in shares of Fidelity MSCI Communication Services Index ETF by 41.2% during the 2nd quarter. Smithfield Trust Co now owns 6,650 shares of the company’s stock valued at $431,000 after purchasing an additional 1,940 shares during the last quarter. Birchcreek Wealth Management LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 12.1% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 19,342 shares of the company’s stock worth $1,254,000 after buying an additional 2,090 shares in the last quarter. AGF Management Ltd. raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 10.6% in the 2nd quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock valued at $40,978,000 after purchasing an additional 60,681 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 119,757 shares of the company’s stock valued at $7,761,000 after acquiring an additional 8,122 shares during the period. Finally, Maltin Wealth Management Inc. grew its stake in Fidelity MSCI Communication Services Index ETF by 2.0% in the second quarter. Maltin Wealth Management Inc. now owns 58,061 shares of the company’s stock valued at $3,763,000 after purchasing an additional 1,154 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $68.15 on Friday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. The stock’s fifty day moving average price is $70.58 and its 200 day moving average price is $65.90. Fidelity MSCI Communication Services Index ETF has a 1-year low of $48.96 and a 1-year high of $72.98.

Fidelity MSCI Communication Services Index ETF 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.