Meridian Wealth Management LLC Buys Shares of 14,671 Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Meridian Wealth Management LLC purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 3rd quarter, HoldingsChannel reports. The firm purchased 14,671 shares of the company’s stock, valued at approximately $808,000.

A number of other large investors also recently modified their holdings of FCOM. Comerica Bank increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after purchasing an additional 478 shares during the period. Soltis Investment Advisors LLC increased its stake in Fidelity MSCI Communication Services Index ETF by 2.4% during the first quarter. Soltis Investment Advisors LLC now owns 11,691 shares of the company’s stock valued at $579,000 after acquiring an additional 276 shares during the period. Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at approximately $34,000. CX Institutional lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 15.2% in the 2nd quarter. CX Institutional now owns 13,446 shares of the company’s stock worth $702,000 after acquiring an additional 1,777 shares during the period. Finally, Maltin Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1.1% during the 2nd quarter. Maltin Wealth Management Inc. now owns 53,619 shares of the company’s stock worth $2,801,000 after purchasing an additional 559 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 0.2 %

Shares of NYSEARCA FCOM opened at $57.90 on Friday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a one year low of $41.72 and a one year high of $59.14. The business has a fifty day simple moving average of $55.92 and a 200 day simple moving average of $53.02.

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.