Stifel Financial Corp Trims Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Stifel Financial Corp reduced its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMFree Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,955 shares of the company’s stock after selling 7,596 shares during the quarter. Stifel Financial Corp owned 1.05% of Fidelity MSCI Communication Services Index ETF worth $8,684,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in Fidelity MSCI Communication Services Index ETF by 47.0% in the third quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock valued at $74,000 after purchasing an additional 597 shares during the period. Apollon Wealth Management LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $262,000. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Communication Services Index ETF by 15.8% in the third quarter. Envestnet Asset Management Inc. now owns 348,423 shares of the company’s stock valued at $13,836,000 after purchasing an additional 47,543 shares during the period. Advisory Services Network LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 115.7% in the fourth quarter. Advisory Services Network LLC now owns 25,460 shares of the company’s stock valued at $1,134,000 after purchasing an additional 13,659 shares during the period. Finally, Gimbal Financial acquired a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $1,917,000.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of NYSEARCA:FCOM opened at $51.66 on Friday. The business’s 50 day moving average price is $49.78 and its 200-day moving average price is $47.34. The firm has a market capitalization of $1.11 billion, a PE ratio of 26.44 and a beta of 1.22. Fidelity MSCI Communication Services Index ETF has a 1 year low of $37.86 and a 1 year high of $51.96.

Fidelity MSCI Communication Services Index ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

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