Birchcreek Wealth Management LLC Sells 451 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Birchcreek Wealth Management LLC lowered its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 15,532 shares of the company’s stock after selling 451 shares during the period. Birchcreek Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $856,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FCOM. CX Institutional increased its stake in Fidelity MSCI Communication Services Index ETF by 23.8% during the 3rd quarter. CX Institutional now owns 16,648 shares of the company’s stock worth $917,000 after purchasing an additional 3,202 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 15.9% during the 2nd quarter. Cetera Investment Advisers now owns 18,428 shares of the company’s stock worth $962,000 after acquiring an additional 2,525 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth approximately $209,000. Farther Finance Advisors LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in the third 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 in the last quarter. Finally, Lynch & Associates IN lifted its holdings in Fidelity MSCI Communication Services Index ETF by 2.7% during the 2nd quarter. Lynch & Associates IN now owns 23,552 shares of the company’s stock valued at $1,230,000 after purchasing an additional 625 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Fidelity MSCI Communication Services Index ETF stock traded down $0.47 during mid-day trading on Friday, hitting $57.80. 14,976 shares of the company’s stock traded hands, compared to its average volume of 92,845. The firm has a 50 day simple moving average of $55.02 and a two-hundred day simple moving average of $52.60. 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 cap of $1.24 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.