Capital Square LLC Purchases New Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Capital Square LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,990 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds also recently modified their holdings of the company. New Millennium Group LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the second quarter valued at $28,000. Pathway Financial Advisers LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the first quarter valued at $34,000. Farther Finance Advisors LLC boosted its holdings 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 worth $82,000 after buying an additional 1,477 shares during the period. Comerica Bank grew its stake in Fidelity MSCI Communication Services Index ETF by 27.7% in the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after buying an additional 478 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at approximately $209,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA:FCOM traded up $0.51 during mid-day trading on Monday, hitting $58.41. 15,855 shares of the stock were exchanged, compared to its average volume of 92,259. The firm’s 50-day simple moving average is $55.92 and its 200 day simple moving average is $53.06. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $41.72 and a fifty-two week high of $59.14. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.

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.