Charles Schwab Investment Management Inc. Has $270.55 Million Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Charles Schwab Investment Management Inc. lowered its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,609,045 shares of the company’s stock after selling 109,162 shares during the quarter. Charles Schwab Investment Management Inc. owned 21.44% of Fidelity MSCI Communication Services Index ETF worth $270,551,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FCOM. Sound Income Strategies LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after buying an additional 1,477 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $201,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at $210,000.

Fidelity MSCI Communication Services Index ETF Trading Up 1.4 %

Shares of NYSEARCA:FCOM opened at $60.30 on Thursday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 1 year low of $46.37 and a 1 year high of $64.25. The business has a fifty day simple moving average of $61.17 and a 200 day simple moving average of $57.89.

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.