Osaic Holdings Inc. Cuts Position in Fidelity MSCI Communication Services Index ETF $FCOM

Osaic Holdings Inc. lessened its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 23.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,479 shares of the company’s stock after selling 21,994 shares during the quarter. Osaic Holdings Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $4,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Fidelity MSCI Communication Services Index ETF by 22.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,484,280 shares of the company’s stock valued at $161,006,000 after acquiring an additional 459,088 shares during the period. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.5% during the 2nd quarter. Lido Advisors LLC now owns 1,867,729 shares of the company’s stock worth $121,048,000 after acquiring an additional 80,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 9.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,382,346 shares of the company’s stock valued at $89,590,000 after buying an additional 119,052 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 10.6% in the second quarter. AGF Management Ltd. now owns 632,275 shares of the company’s stock valued at $40,978,000 after purchasing an additional 60,681 shares in the last quarter. Finally, Vicus Capital increased its position in Fidelity MSCI Communication Services Index ETF by 4.4% during the second quarter. Vicus Capital now owns 289,689 shares of the company’s stock worth $18,775,000 after buying an additional 12,185 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of FCOM opened at $73.35 on Wednesday. Fidelity MSCI Communication Services Index ETF has a 1 year low of $48.96 and a 1 year high of $73.82. The company’s 50 day simple moving average is $70.96 and its 200 day simple moving average is $68.38. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.