Axxcess Wealth Management LLC Decreases Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Axxcess Wealth Management LLC lessened its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 50.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,494 shares of the company’s stock after selling 15,884 shares during the period. Axxcess Wealth Management LLC owned 0.08% of Fidelity MSCI Communication Services Index ETF worth $690,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 47.0% in the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock worth $74,000 after acquiring an additional 597 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $228,000. Silver Oak Securities Incorporated bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at approximately $231,000. Williams & Novak LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at approximately $291,000. Finally, Raymond James & Associates lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 34.6% in the 4th quarter. Raymond James & Associates now owns 7,096 shares of the company’s stock worth $316,000 after buying an additional 1,824 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

NYSEARCA:FCOM opened at $49.96 on Tuesday. Fidelity MSCI Communication Services Index ETF has a 12-month low of $36.35 and a 12-month high of $50.76. The firm has a market capitalization of $1.07 billion, a P/E ratio of 26.44 and a beta of 1.22. The business has a 50 day simple moving average of $48.93 and a 200 day simple moving average of $45.81.

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.