Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,585 shares of the company’s stock after acquiring an additional 1,775 shares during the period. Thrivent Financial for Lutherans owned 0.19% of Fidelity MSCI Communication Services Index ETF worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New Millennium Group LLC purchased a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth $28,000. Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at about $34,000. American National Bank boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 57.1% during the 1st quarter. American National Bank now owns 1,277 shares of the company’s stock worth $63,000 after purchasing an additional 464 shares during the last quarter. Comerica Bank grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 27.7% during the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after buying an additional 478 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 25.6% in the first quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock valued at $116,000 after buying an additional 479 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of NYSEARCA FCOM opened at $55.13 on Wednesday. The firm has a market cap of $1.19 billion, a P/E ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1 year low of $37.86 and a 1 year high of $55.52. The firm’s 50 day moving average price is $52.10 and its 200 day moving average price is $51.08.

About Fidelity MSCI Communication Services Index ETF

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.