Fidelity MSCI Communication Services Index ETF $FCOM Stock: Mechanics Bank Trust Department Reduces Holdings

Mechanics Bank Trust Department lowered its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 81.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,693 shares of the company’s stock after selling 95,469 shares during the period. Mechanics Bank Trust Department’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 5.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock valued at $214,288,000 after buying an additional 155,067 shares during the period. Vertex Investment Solutions Co. Ltd. bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth $6,268,000. Crumly & Associates Inc. raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 20.2% during the third quarter. Crumly & Associates Inc. now owns 169,314 shares of the company’s stock worth $12,192,000 after acquiring an additional 28,464 shares during the period. American National Bank & Trust acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth $1,714,000. Finally, Jacobs Equity LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $1,229,000.

Fidelity MSCI Communication Services Index ETF Price Performance

FCOM stock traded up $0.58 during trading hours on Tuesday, reaching $73.32. 246,919 shares of the stock were exchanged, compared to its average volume of 183,667. The firm’s 50-day moving average is $71.62 and its 200-day moving average is $71.60. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a 12 month low of $65.26 and a 12 month high of $75.94.

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.