Navellier & Associates Inc. Takes Position in Fidelity MSCI Communication Services Index ETF $FCOM

Navellier & Associates Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the second quarter, HoldingsChannel reports. The fund acquired 11,000 shares of the company’s stock, valued at approximately $3,141,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Simplex Trading LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 80.9% in the fourth quarter. Simplex Trading LLC now owns 360 shares of the company’s stock worth $26,000 after acquiring an additional 161 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at approximately $30,000. Russell Investments Group Ltd. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 170.9% during the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $41,000. Finally, Global Retirement Partners LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 286.7% during the 4th quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after purchasing an additional 539 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Up 1.2%

Shares of NYSEARCA FCOM opened at $71.18 on Friday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 19.08 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12-month low of $65.26 and a 12-month high of $75.94. The stock’s 50 day simple moving average is $70.36 and its 200 day simple moving average is $71.44.

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.