Moment Partners LLC Takes Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Moment Partners LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 3,737 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in Fidelity MSCI Communication Services Index ETF by 28.9% in the third quarter. Thrivent Financial for Lutherans now owns 52,306 shares of the company’s stock worth $2,881,000 after acquiring an additional 11,721 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 1.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,832 shares of the company’s stock worth $2,635,000 after purchasing an additional 465 shares during the period. MML Investors Services LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 9,809 shares of the company’s stock valued at $540,000 after purchasing an additional 421 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 23.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,857 shares of the company’s stock valued at $488,000 after purchasing an additional 1,675 shares during the period. Finally, HBW Advisory Services LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $215,000.

Fidelity MSCI Communication Services Index ETF Trading Down 1.4 %

Shares of FCOM opened at $58.30 on Thursday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $46.37 and a twelve month high of $64.25. The firm has a market capitalization of $1.42 billion, a P/E ratio of 18.76 and a beta of 1.08. The firm’s 50-day moving average is $60.65 and its two-hundred day moving average is $58.44.

Fidelity MSCI Communication Services Index ETF Company 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.