Northwestern Mutual Wealth Management Co. Increases Holdings in Fidelity MSCI Communication Services Index ETF $FCOM

Northwestern Mutual Wealth Management Co. increased its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,382,346 shares of the company’s stock after acquiring an additional 119,052 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 5.49% of Fidelity MSCI Communication Services Index ETF worth $89,590,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 150,853.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 48,305 shares of the company’s stock valued at $3,131,000 after purchasing an additional 48,273 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 155.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock worth $1,342,000 after buying an additional 12,617 shares in the last quarter. Creative Planning grew its stake in Fidelity MSCI Communication Services Index ETF by 43.8% in the 2nd quarter. Creative Planning now owns 10,702 shares of the company’s stock valued at $694,000 after acquiring an additional 3,259 shares during the last quarter. Smithfield Trust Co increased its holdings in 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 acquiring an additional 1,940 shares in the last quarter. Finally, Birchcreek Wealth Management LLC increased its holdings in 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 valued at $1,254,000 after acquiring an additional 2,090 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM opened at $72.25 on Friday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $48.96 and a 12-month high of $72.98. The company has a market capitalization of $1.87 billion, a PE ratio of 19.08 and a beta of 1.06. The firm’s 50-day moving average is $70.24 and its two-hundred day moving average is $66.80.

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.