Lido Advisors LLC Cuts Stock Holdings in Fidelity MSCI Communication Services Index ETF $FCOM

Lido Advisors LLC decreased its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,037,547 shares of the company’s stock after selling 27,623 shares during the quarter. Fidelity MSCI Communication Services Index ETF accounts for approximately 0.4% of Lido Advisors LLC’s portfolio, making the stock its 29th largest position. Lido Advisors LLC owned about 8.60% of Fidelity MSCI Communication Services Index ETF worth $138,798,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in Fidelity MSCI Communication Services Index ETF by 128.0% during the first quarter. NewEdge Advisors LLC now owns 9,354 shares of the company’s stock valued at $526,000 after purchasing an additional 5,251 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 155.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,710 shares of the company’s stock worth $1,342,000 after buying an additional 12,617 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Fidelity MSCI Communication Services Index ETF by 1,423.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,920 shares of the company’s stock valued at $319,000 after buying an additional 4,597 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Fidelity MSCI Communication Services Index ETF by 25.9% during the 2nd quarter. Quantinno Capital Management LP now owns 4,783 shares of the company’s stock valued at $310,000 after buying an additional 983 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 0.6% during the 2nd quarter. Raymond James Financial Inc. now owns 49,361 shares of the company’s stock worth $3,199,000 after acquiring an additional 278 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA FCOM opened at $69.98 on Thursday. Fidelity MSCI Communication Services Index ETF has a 52-week low of $64.74 and a 52-week high of $75.94. The company has a fifty day moving average of $71.73 and a 200-day moving average of $72.07. The company has a market capitalization of $1.79 billion, a P/E ratio of 19.08 and a beta of 1.05.

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.