Maltin Wealth Management Inc. Purchases 1,154 Shares of Fidelity MSCI Communication Services Index ETF $FCOM

Maltin Wealth Management Inc. boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 58,061 shares of the company’s stock after acquiring an additional 1,154 shares during the quarter. Fidelity MSCI Communication Services Index ETF comprises about 1.7% of Maltin Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position. Maltin Wealth Management Inc.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $3,763,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 100.0% during the 1st quarter. Blair William & Co. IL now owns 448 shares of the company’s stock worth $25,000 after acquiring an additional 224 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Communication Services Index ETF in the second quarter worth about $26,000. Signature Resources Capital Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth about $40,000. New Millennium Group LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 38.2% during the second quarter. New Millennium Group LLC now owns 727 shares of the company’s stock valued at $47,000 after purchasing an additional 201 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 14.4% in the 2nd quarter. Harbour Investments Inc. now owns 1,595 shares of the company’s stock valued at $103,000 after purchasing an additional 201 shares during the period.

Fidelity MSCI Communication Services Index ETF Trading Down 0.9%

Shares of FCOM opened at $69.07 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 19.08 and a beta of 1.06. Fidelity MSCI Communication Services Index ETF has a 1 year low of $48.96 and a 1 year high of $72.98. The stock has a 50 day simple moving average of $70.54 and a 200-day simple moving average of $65.26.

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.