Northwestern Mutual Wealth Management Co. Has $85.98 Million Position in Fidelity MSCI Communication Services Index ETF $FCOM

Northwestern Mutual Wealth Management Co. trimmed its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,173,277 shares of the company’s stock after selling 80,840 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $85,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FCOM. Russell Investments Group Ltd. boosted its holdings in 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 in the last quarter. Larson Financial Group LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the third quarter valued at about $41,000. Global Retirement Partners LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 286.7% in the fourth quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after buying an additional 539 shares during the last quarter. IFP Advisors Inc lifted its position 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 buying an additional 144 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth about $175,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA FCOM opened at $74.39 on Friday. The business’s 50-day simple moving average is $72.36 and its 200-day simple moving average is $72.26. Fidelity MSCI Communication Services Index ETF has a 52 week low of $59.44 and a 52 week high of $75.94. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.