Kovitz Investment Group Partners LLC Grows Holdings in Fidelity MSCI Communication Services Index ETF $FCOM

Kovitz Investment Group Partners LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 17.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 104,850 shares of the company’s stock after acquiring an additional 15,255 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Fidelity MSCI Communication Services Index ETF were worth $7,683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FCOM. Simplex Trading LLC lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 80.9% during the 4th quarter. Simplex Trading LLC now owns 360 shares of the company’s stock worth $26,000 after acquiring an additional 161 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock worth $36,000 after acquiring an additional 323 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter valued at about $41,000. Global Retirement Partners LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 286.7% in the fourth quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after purchasing an additional 539 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Fidelity MSCI Communication Services Index ETF by 20.6% in the 3rd quarter. IFP Advisors Inc now owns 843 shares of the company’s stock valued at $60,000 after purchasing an additional 144 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.5%

FCOM opened at $70.39 on Friday. The firm has a 50 day moving average of $73.21 and a two-hundred day moving average of $72.45. Fidelity MSCI Communication Services Index ETF has a 12-month low of $60.84 and a 12-month high of $75.94. The firm has a market capitalization of $1.67 billion, a PE ratio of 19.08 and a beta of 1.04.

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.