Kovitz Investment Group Partners LLC Has $7.68 Million Stake in Fidelity MSCI Communication Services Index ETF $FCOM

Kovitz Investment Group Partners LLC raised its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,850 shares of the company’s stock after purchasing an additional 15,255 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.40% of Fidelity MSCI Communication Services Index ETF worth $7,683,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FCOM. NewEdge Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 128.0% in the first quarter. NewEdge Advisors LLC now owns 9,354 shares of the company’s stock valued at $526,000 after buying an additional 5,251 shares during the period. JPMorgan Chase & Co. increased its position in Fidelity MSCI Communication Services Index ETF by 155.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock worth $1,342,000 after purchasing an additional 12,617 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Fidelity MSCI Communication Services Index ETF by 1,423.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,920 shares of the company’s stock worth $319,000 after acquiring an additional 4,597 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Fidelity MSCI Communication Services Index ETF by 25.9% in the 2nd quarter. Quantinno Capital Management LP now owns 4,783 shares of the company’s stock valued at $310,000 after buying an additional 983 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 0.6% during the second quarter. Raymond James Financial Inc. now owns 49,361 shares of the company’s stock worth $3,199,000 after purchasing an additional 278 shares during the period.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $70.39 on Friday. The stock has a market capitalization of $1.67 billion, a PE ratio of 19.08 and a beta of 1.04. The business’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 one year low of $60.84 and a one year high of $75.94.

Fidelity MSCI Communication Services Index ETF Company 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.