Smith Salley Wealth Management Lowers Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Smith Salley Wealth Management decreased its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,047 shares of the company’s stock after selling 2,302 shares during the quarter. Smith Salley Wealth Management owned 0.27% of Fidelity MSCI Communication Services Index ETF worth $3,407,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. AE Wealth Management LLC grew its position in Fidelity MSCI Communication Services Index ETF by 10.5% in the second quarter. AE Wealth Management LLC now owns 85,524 shares of the company’s stock worth $4,467,000 after acquiring an additional 8,146 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 4.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 40,585 shares of the company’s stock worth $2,120,000 after purchasing an additional 1,775 shares in the last quarter. Cetera Investment Advisers increased its position 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 valued at $962,000 after purchasing an additional 2,525 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $209,000. Finally, American National Bank & Trust lifted its position in Fidelity MSCI Communication Services Index ETF by 10.7% in the 3rd quarter. American National Bank & Trust now owns 5,197 shares of the company’s stock worth $286,000 after buying an additional 501 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA FCOM opened at $59.69 on Friday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a one year low of $44.52 and a one year high of $62.11. The firm’s 50 day simple moving average is $59.43 and its two-hundred day simple moving average is $55.48.

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.