Smith Shellnut Wilson LLC ADV Purchases Shares of 7,785 Fidelity MSCI Communication Services Index ETF $FCOM

Smith Shellnut Wilson LLC ADV acquired a new position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,785 shares of the company’s stock, valued at approximately $553,000.

A number of other large investors have also made changes to their positions in FCOM. Harel Insurance Investments & Financial Services Ltd. grew its position in Fidelity MSCI Communication Services Index ETF by 22.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,484,280 shares of the company’s stock worth $161,006,000 after buying an additional 459,088 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 282.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 177,845 shares of the company’s stock worth $12,202,000 after acquiring an additional 131,384 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 9.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,382,346 shares of the company’s stock worth $89,590,000 after purchasing an additional 119,052 shares in the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 944.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 88,867 shares of the company’s stock valued at $6,307,000 after purchasing an additional 80,357 shares during the period. Finally, Lido Advisors LLC increased its position in shares of Fidelity MSCI Communication Services Index ETF by 4.5% during the second quarter. Lido Advisors LLC now owns 1,867,729 shares of the company’s stock valued at $121,048,000 after purchasing an additional 80,223 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Down 0.1%

Shares of NYSEARCA FCOM opened at $73.86 on Tuesday. Fidelity MSCI Communication Services Index ETF has a one year low of $48.96 and a one year high of $74.14. The business has a fifty day simple moving average of $71.72 and a 200 day simple moving average of $69.47. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

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.