Lifeworks Advisors LLC Raises Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lifeworks Advisors LLC increased its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,803 shares of the company’s stock after purchasing an additional 3,322 shares during the quarter. Lifeworks Advisors LLC owned 0.12% of Fidelity MSCI Communication Services Index ETF worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in FCOM. Oppenheimer & Co. Inc. purchased a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter worth $317,000. Comerica Bank increased its position in shares of Fidelity MSCI Communication Services Index ETF by 27.7% in the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after acquiring an additional 478 shares during the period. Soltis Investment Advisors LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 2.4% in the first quarter. Soltis Investment Advisors LLC now owns 11,691 shares of the company’s stock valued at $579,000 after acquiring an additional 276 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF in the first quarter valued at about $34,000. Finally, CX Institutional increased its position in shares of Fidelity MSCI Communication Services Index ETF by 15.2% in the second quarter. CX Institutional now owns 13,446 shares of the company’s stock valued at $702,000 after acquiring an additional 1,777 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3 %

Shares of FCOM stock traded down $0.19 during mid-day trading on Thursday, reaching $58.38. The stock had a trading volume of 9,396 shares, compared to its average volume of 92,800. The stock’s 50-day moving average price is $55.02 and its two-hundred day moving average price is $52.60. Fidelity MSCI Communication Services Index ETF has a 52-week low of $41.72 and a 52-week high of $59.14. The firm has a market capitalization of $1.26 billion, a PE 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.