Vicus Capital trimmed its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) by 12.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,719 shares of the company’s stock after selling 44,777 shares during the period. Fidelity MSCI Communication Services Index ETF comprises 1.6% of Vicus Capital’s holdings, making the stock its 17th biggest holding. Vicus Capital owned about 1.34% of Fidelity MSCI Communication Services Index ETF worth $21,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $3,657,000. Lido Advisors LLC grew its stake in Fidelity MSCI Communication Services Index ETF by 10.4% in the third quarter. Lido Advisors LLC now owns 2,062,288 shares of the company’s stock worth $146,361,000 after purchasing an additional 194,559 shares in the last quarter. Odyssey Capital Advisors Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $509,000. Redstone Wealth Management LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $8,993,000. Finally, Maxele Advisors LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at $1,362,000.
Fidelity MSCI Communication Services Index ETF Stock Performance
Shares of FCOM stock opened at $68.28 on Monday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $63.59 and a twelve month high of $75.94. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. The stock has a fifty day simple moving average of $72.79 and a two-hundred day simple moving average of $72.29.
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.
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