Lido Advisors LLC Raises Stake in Fidelity MSCI Communication Services Index ETF $FCOM

Lido Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,867,729 shares of the company’s stock after purchasing an additional 80,223 shares during the period. Fidelity MSCI Communication Services Index ETF accounts for 0.5% of Lido Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Lido Advisors LLC owned approximately 7.41% of Fidelity MSCI Communication Services Index ETF worth $121,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FCOM. Blair William & Co. IL increased its holdings in Fidelity MSCI Communication Services Index ETF by 100.0% in the first quarter. Blair William & Co. IL now owns 448 shares of the company’s stock valued at $25,000 after buying an additional 224 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth about $26,000. Signature Resources Capital Management LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at about $40,000. New Millennium Group LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 38.2% during the 2nd quarter. New Millennium Group LLC now owns 727 shares of the company’s stock worth $47,000 after acquiring an additional 201 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in Fidelity MSCI Communication Services Index ETF by 14.4% during the second quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock worth $103,000 after purchasing an additional 201 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 1.0%

Shares of Fidelity MSCI Communication Services Index ETF stock opened at $72.25 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 52 week low of $48.96 and a 52 week high of $72.98. The firm’s 50 day moving average is $70.24 and its two-hundred day moving average is $66.85.

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.