GRIMES & Co WEALTH MANAGEMENT LLC Has $2.96 Million Stake in Fidelity MSCI Communication Services Index ETF $FCOM

GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 90.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,366 shares of the company’s stock after buying an additional 19,165 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC owned approximately 0.15% of Fidelity MSCI Communication Services Index ETF worth $2,958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FCOM. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 10.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,990,672 shares of the company’s stock worth $219,156,000 after buying an additional 284,563 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth approximately $18,465,000. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 2,062,288 shares of the company’s stock worth $146,361,000 after buying an additional 194,559 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 282.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 177,845 shares of the company’s stock worth $12,202,000 after buying an additional 131,384 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 181.3% in the 3rd quarter. Raymond James Financial Inc. now owns 138,828 shares of the company’s stock worth $9,853,000 after buying an additional 89,467 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Down 0.3%

Shares of NYSEARCA FCOM opened at $74.64 on Friday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $57.00 and a twelve month high of $75.94. The stock’s 50 day moving average price is $71.63 and its 200-day moving average price is $71.85. The company has a market capitalization of $1.77 billion, a PE 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.