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

Axxcess Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 211.4% in the second quarter, HoldingsChannel.com reports. The firm owned 40,248 shares of the company’s stock after acquiring an additional 27,324 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Securities Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $29,000. Wells Fargo & Company MN lifted its stake in Fidelity MSCI Communication Services Index ETF by 5.3% during the fourth quarter. Wells Fargo & Company MN now owns 270,243 shares of the company’s stock worth $12,038,000 after purchasing an additional 13,544 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 54,668 shares of the company’s stock worth $2,435,000 after buying an additional 519 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 106.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 71,632 shares of the company’s stock valued at $3,201,000 after buying an additional 36,925 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 115.7% in the 4th quarter. Advisory Services Network LLC now owns 25,460 shares of the company’s stock valued at $1,134,000 after buying an additional 13,659 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Up 0.0 %

FCOM opened at $53.30 on Thursday. The stock’s 50-day moving average price is $51.76 and its 200 day moving average price is $50.71. Fidelity MSCI Communication Services Index ETF has a 12-month low of $37.86 and a 12-month high of $53.69. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.

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.