Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 4,718,207 shares of the company’s stock after buying an additional 11,504 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Fidelity MSCI Communication Services Index ETF worth $259,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FCOM. New Millennium Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the second quarter valued at $28,000. Pathway Financial Advisers LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF during the 1st quarter valued at approximately $34,000. Farther Finance Advisors LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in 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 during the last quarter. Comerica Bank increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after purchasing an additional 478 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $209,000.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM opened at $57.90 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The firm’s fifty day moving average price is $55.82 and its 200 day moving average price is $52.97. Fidelity MSCI Communication Services Index ETF has a 1-year low of $41.72 and a 1-year high of $59.14.

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.