Kingswood Wealth Advisors LLC Sells 28,219 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Kingswood Wealth Advisors LLC reduced its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 45.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,528 shares of the company’s stock after selling 28,219 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Fidelity MSCI Communication Services Index ETF by 5.2% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,145,739 shares of the company’s stock valued at $214,288,000 after acquiring an additional 155,067 shares in the last quarter. Independence Financial Advisors LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 4.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 193,054 shares of the company’s stock worth $13,902,000 after purchasing an additional 7,616 shares in the last quarter. Redstone Wealth Management LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 3.8% during the third quarter. Redstone Wealth Management LLC now owns 173,114 shares of the company’s stock valued at $12,466,000 after purchasing an additional 6,412 shares during the period. Crumly & Associates Inc. increased its position 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 valued at $12,192,000 after purchasing an additional 28,464 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 166,444 shares of the company’s stock valued at $11,338,000 after purchasing an additional 3,336 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $67.34 on Tuesday. The stock has a market cap of $1.65 billion, a P/E ratio of 19.08 and a beta of 1.04. Fidelity MSCI Communication Services Index ETF has a one year low of $65.26 and a one year high of $75.94. The stock has a fifty day moving average price of $71.68 and a 200 day moving average price of $71.81.

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.