Jane Street Group LLC Reduces Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Jane Street Group LLC lessened its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 21,234 shares of the company’s stock after selling 480 shares during the quarter. Jane Street Group LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Square LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth $220,000. Meridian Wealth Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the third quarter worth about $808,000. Smithfield Trust Co boosted its position in Fidelity MSCI Communication Services Index ETF by 13.2% during the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after acquiring an additional 450 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 28.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,306 shares of the company’s stock worth $2,881,000 after acquiring an additional 11,721 shares during the period. Finally, Lifeworks Advisors LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 14.1% in the 3rd quarter. Lifeworks Advisors LLC now owns 26,803 shares of the company’s stock worth $1,476,000 after acquiring an additional 3,322 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Down 0.9 %

FCOM opened at $59.67 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of 26.44 and a beta of 1.22. The business has a 50 day moving average of $58.56 and a 200-day moving average of $54.70. Fidelity MSCI Communication Services Index ETF has a 52 week low of $43.74 and a 52 week high of $62.11.

Fidelity MSCI Communication Services Index ETF 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.