2,274,435 Shares of Fidelity MSCI Communication Services Index ETF $FCOM Acquired by Lido Advisors LLC

Lido Advisors LLC purchased a new position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 2,274,435 shares of the company’s stock, valued at approximately $163,782,000. Fidelity MSCI Communication Services Index ETF comprises about 0.4% of Lido Advisors LLC’s portfolio, making the stock its 25th largest position. Lido Advisors LLC owned approximately 0.10% of Fidelity MSCI Communication Services Index ETF at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 3,323.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the company’s stock worth $42,000 after buying an additional 565 shares during the last quarter. Bayshore Capital Advisors LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at $586,000. Kestra Advisory Services LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 5.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 177,857 shares of the company’s stock worth $12,808,000 after acquiring an additional 9,138 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth $8,816,000. Finally, Schmidt P J Investment Management Inc. purchased a new position in shares of Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth $309,000.

Fidelity MSCI Communication Services Index ETF Trading Up 0.1%

Shares of FCOM stock opened at $68.78 on Wednesday. Fidelity MSCI Communication Services Index ETF has a twelve month low of $64.24 and a twelve month high of $75.94. The company’s 50-day moving average price is $70.76 and its 200-day moving average price is $71.42. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 16.38 and a beta of 1.08.

Fidelity MSCI Communication Services Index ETF Company 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.