Vertex Investment Solutions Co. Ltd. Purchases New Position in Fidelity MSCI Communication Services Index ETF $FCOM

Vertex Investment Solutions Co. Ltd. acquired a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,900 shares of the company’s stock, valued at approximately $6,268,000. Fidelity MSCI Communication Services Index ETF makes up about 4.2% of Vertex Investment Solutions Co. Ltd.’s portfolio, making the stock its 8th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 128.0% during 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 last quarter. JPMorgan Chase & Co. grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 155.9% in the second quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock worth $1,342,000 after acquiring an additional 12,617 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1,423.2% during the second quarter. Qube Research & Technologies Ltd now owns 4,920 shares of the company’s stock valued at $319,000 after purchasing an additional 4,597 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 25.9% during the second quarter. Quantinno Capital Management LP now owns 4,783 shares of the company’s stock valued at $310,000 after purchasing an additional 983 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in 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 valued at $3,199,000 after purchasing an additional 278 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Down 0.8%

Shares of FCOM stock opened at $71.37 on Friday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $65.26 and a 12-month high of $75.94. The firm’s 50 day moving average is $70.62 and its 200 day moving average is $71.40. The stock has a market capitalization of $1.83 billion, a P/E ratio of 19.08 and a beta of 1.05.

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.