Ashton Thomas Private Wealth LLC Invests $476,000 in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Ashton Thomas Private Wealth LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,107 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $2,898,000. Jones Financial Companies Lllp increased its position in shares of Fidelity MSCI Communication Services Index ETF by 8.0% during the fourth quarter. Jones Financial Companies Lllp now owns 10,979 shares of the company’s stock worth $644,000 after acquiring an additional 809 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $201,000. Colonial River Investments LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 5.4% during the fourth quarter. Colonial River Investments LLC now owns 29,793 shares of the company’s stock worth $1,749,000 after acquiring an additional 1,519 shares during the last quarter. Finally, Birchcreek Wealth Management LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 15.5% during the fourth quarter. Birchcreek Wealth Management LLC now owns 17,938 shares of the company’s stock worth $1,053,000 after acquiring an additional 2,406 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA FCOM opened at $57.47 on Tuesday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $46.37 and a 1 year high of $64.25. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05. The stock’s 50-day simple moving average is $61.12 and its 200-day simple moving average is $58.05.

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.