680 Shares in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 680 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $29,000. American National Bank grew its holdings in Fidelity MSCI Communication Services Index ETF by 408.1% during the 4th quarter. American National Bank now owns 813 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares during the last quarter. Smithfield Trust Co purchased a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $88,000. Comerica Bank increased its holdings in Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after purchasing an additional 478 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Fidelity MSCI Communication Services Index ETF by 25.6% during the 1st quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock worth $116,000 after buying an additional 479 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 2.1 %

Shares of FCOM traded down $1.09 during trading hours on Friday, hitting $50.67. The company had a trading volume of 258,709 shares, compared to its average volume of 99,139. Fidelity MSCI Communication Services Index ETF has a one year low of $37.86 and a one year high of $53.66. The company’s fifty day moving average price is $51.67 and its two-hundred day moving average price is $49.72. The company has a market capitalization of $1.09 billion, a PE ratio of 26.44 and a beta of 1.22.

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.