Beckerman Institutional LLC Buys Shares of 23,219 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Beckerman Institutional LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,219 shares of the company’s stock, valued at approximately $1,279,000. Fidelity MSCI Communication Services Index ETF comprises approximately 1.1% of Beckerman Institutional LLC’s portfolio, making the stock its 29th largest holding. Beckerman Institutional LLC owned about 0.11% of Fidelity MSCI Communication Services Index ETF at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. New Millennium Group LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the 1st quarter worth $34,000. Farther Finance Advisors LLC raised its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after purchasing an additional 1,477 shares in the last quarter. Comerica Bank lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after buying an additional 478 shares during the period. Finally, Smithfield Trust Co grew its position in shares of Fidelity MSCI Communication Services Index ETF by 72.2% during the 1st quarter. Smithfield Trust Co now owns 3,400 shares of the company’s stock worth $169,000 after buying an additional 1,425 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock opened at $58.39 on Friday. Fidelity MSCI Communication Services Index ETF has a 1-year low of $40.64 and a 1-year high of $58.93. The business has a 50-day moving average price of $54.61 and a 200 day moving average price of $52.36. The company has a market capitalization of $1.26 billion, a P/E ratio of 26.44 and a beta of 1.22.

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.