Jacobs Equity LLC Acquires Shares of 16,777 Fidelity MSCI Communication Services Index ETF $FCOM

Jacobs Equity LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,777 shares of the company’s stock, valued at approximately $1,229,000. Fidelity MSCI Communication Services Index ETF accounts for 1.2% of Jacobs Equity LLC’s portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Fidelity MSCI Communication Services Index ETF by 10.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,990,672 shares of the company’s stock valued at $219,156,000 after buying an additional 284,563 shares during the period. Lido Advisors LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 10.4% during the 3rd quarter. Lido Advisors LLC now owns 2,062,288 shares of the company’s stock worth $146,361,000 after buying an additional 194,559 shares during the period. Vicus Capital increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.2% in the 4th quarter. Vicus Capital now owns 362,496 shares of the company’s stock valued at $26,564,000 after acquiring an additional 14,451 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 297,696 shares of the company’s stock valued at $21,815,000 after acquiring an additional 1,822 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at approximately $18,465,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA:FCOM opened at $70.39 on Friday. The firm’s 50 day simple moving average is $73.21 and its 200 day simple moving average is $72.45. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $60.84 and a fifty-two week high of $75.94. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04.

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.