Williams & Novak LLC Has $296,000 Position in Fidelity MSCI Communication Services Index ETF $FCOM

Williams & Novak LLC lowered its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,573 shares of the company’s stock after selling 165 shares during the quarter. Williams & Novak LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $296,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL grew its position in Fidelity MSCI Communication Services Index ETF by 100.0% during the first quarter. Blair William & Co. IL now owns 448 shares of the company’s stock worth $25,000 after buying an additional 224 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at $29,000. Signature Resources Capital Management LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $40,000. Park Avenue Securities LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $201,000. Finally, Leigh Baldwin & CO. LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 11.4% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 4,179 shares of the company’s stock valued at $235,000 after purchasing an additional 429 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM stock opened at $68.25 on Friday. The stock’s fifty day moving average price is $69.27 and its two-hundred day moving average price is $63.04. The company has a market cap of $1.75 billion, a PE ratio of 19.08 and a beta of 1.02. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $48.96 and a fifty-two week 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.