Demars Financial Group LLC Decreases Holdings in Fidelity MSCI Telecommunication Services Index ETF (NYSEARCA:FCOM)

Demars Financial Group LLC lessened its stake in shares of Fidelity MSCI Telecommunication Services Index ETF (NYSEARCA:FCOM) by 8.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,094 shares of the company’s stock after selling 5,306 shares during the period. Fidelity MSCI Telecommunication Services Index ETF comprises about 1.5% of Demars Financial Group LLC’s holdings, making the stock its 22nd biggest position. Demars Financial Group LLC owned about 0.38% of Fidelity MSCI Telecommunication Services Index ETF worth $1,910,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 1,867.9% during the second quarter. Envestnet Asset Management Inc. now owns 897,449 shares of the company’s stock worth $31,689,000 after purchasing an additional 851,845 shares during the period. Lido Advisors LLC boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 5.5% during the second quarter. Lido Advisors LLC now owns 689,806 shares of the company’s stock worth $24,357,000 after purchasing an additional 36,019 shares during the period. Wells Fargo & Company MN boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 199.7% during the first quarter. Wells Fargo & Company MN now owns 564,231 shares of the company’s stock worth $16,380,000 after purchasing an additional 375,988 shares during the period. Beaumont Financial Partners LLC bought a new position in Fidelity MSCI Telecommunication Services Index ETF during the second quarter worth about $11,404,000. Finally, Commonwealth Equity Services LLC boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 1.2% during the second quarter. Commonwealth Equity Services LLC now owns 288,684 shares of the company’s stock worth $10,193,000 after purchasing an additional 3,356 shares during the period.

Shares of FCOM stock traded down $0.30 during trading hours on Wednesday, reaching $39.35. The stock had a trading volume of 66,736 shares, compared to its average volume of 160,510. The stock’s fifty day simple moving average is $39.27 and its 200 day simple moving average is $34.89. Fidelity MSCI Telecommunication Services Index ETF has a 12 month low of $25.42 and a 12 month high of $42.23.

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Institutional Ownership by Quarter for Fidelity MSCI Telecommunication Services Index ETF (NYSEARCA:FCOM)

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