Redstone Wealth Management LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 122,722 shares of the company’s stock, valued at approximately $8,993,000. Fidelity MSCI Communication Services Index ETF accounts for about 7.1% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding.
A number of other institutional investors have also recently bought and sold shares of the business. Evoke Wealth LLC bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $275,000. Global Retirement Partners LLC boosted its holdings in Fidelity MSCI Communication Services Index ETF by 286.7% in the 4th quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock valued at $53,000 after purchasing an additional 539 shares during the period. Integral Investment Advisors Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $251,000. Odyssey Capital Advisors Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $509,000. Finally, Thrivent Financial for Lutherans bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at about $3,657,000.
Fidelity MSCI Communication Services Index ETF Stock Performance
Shares of Fidelity MSCI Communication Services Index ETF stock opened at $73.86 on Monday. The company has a market cap of $1.75 billion, a PE ratio of 19.08 and a beta of 1.06. The company has a 50 day moving average of $71.96 and a 200-day moving average of $72.09. Fidelity MSCI Communication Services Index ETF has a 1-year low of $59.12 and a 1-year high of $75.94.
About Fidelity MSCI Communication Services Index ETF
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.
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