Axxcess Wealth Management LLC Purchases 6,811 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Axxcess Wealth Management LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 16.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,973 shares of the company’s stock after buying an additional 6,811 shares during the quarter. Axxcess Wealth Management LLC owned approximately 0.23% of Fidelity MSCI Communication Services Index ETF worth $2,875,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in Fidelity MSCI Communication Services Index ETF by 43.7% in the 4th quarter. Harbour Investments Inc. now owns 1,681 shares of the company’s stock worth $99,000 after purchasing an additional 511 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $244,000. HighTower Advisors LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 0.9% in the fourth quarter. HighTower Advisors LLC now owns 173,955 shares of the company’s stock worth $10,211,000 after purchasing an additional 1,576 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter worth about $390,000. Finally, Personal CFO Solutions LLC boosted its stake in Fidelity MSCI Communication Services Index ETF by 6.0% during the fourth quarter. Personal CFO Solutions LLC now owns 116,090 shares of the company’s stock valued at $6,814,000 after buying an additional 6,552 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

FCOM stock opened at $56.38 on Wednesday. The firm has a fifty day moving average price of $60.80 and a 200 day moving average price of $58.23. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $46.37 and a fifty-two week high of $64.25. The firm has a market cap of $1.37 billion, a PE ratio of 18.76 and a beta of 1.08.

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.