Lynch & Associates IN Boosts Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lynch & Associates IN raised its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,552 shares of the company’s stock after acquiring an additional 625 shares during the period. Lynch & Associates IN’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,230,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. New Millennium Group LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth approximately $28,000. Principal Securities Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $29,000. Pathway Financial Advisers LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the first quarter valued at $34,000. American National Bank boosted its stake 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 acquiring an additional 653 shares in the last quarter. Finally, Smithfield Trust Co acquired a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $88,000.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM opened at $50.62 on Friday. Fidelity MSCI Communication Services Index ETF has a one year low of $37.86 and a one year high of $53.66. The stock has a market capitalization of $1.09 billion, a P/E ratio of 26.44 and a beta of 1.22. The business’s 50-day simple moving average is $51.88 and its 200-day simple moving average is $50.49.

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.