Exchange Capital Management Inc. Reduces Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Exchange Capital Management Inc. cut its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,268 shares of the company’s stock after selling 389 shares during the quarter. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,897,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Securities Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $29,000. American National Bank boosted its holdings in Fidelity MSCI Communication Services Index ETF by 408.1% in the fourth quarter. American National Bank now owns 813 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Fidelity MSCI Communication Services Index ETF by 47.0% in the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock valued at $74,000 after purchasing an additional 597 shares during the last quarter. Smithfield Trust Co purchased a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $88,000. Finally, Jones Financial Companies Lllp purchased a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $119,000.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM traded up $0.29 during mid-day trading on Tuesday, hitting $52.34. The company’s stock had a trading volume of 39,199 shares, compared to its average volume of 97,611. Fidelity MSCI Communication Services Index ETF has a 1 year low of $37.86 and a 1 year high of $52.93. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The business’s fifty day moving average is $50.52 and its two-hundred day moving average is $48.47.

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.