Lincoln National Corp Buys 7,491 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Lincoln National Corp lifted its stake in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 14.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 58,349 shares of the company’s stock after acquiring an additional 7,491 shares during the quarter. Lincoln National Corp’s holdings in Fidelity MSCI Communication Services Index ETF were worth $2,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sunbelt Securities Inc. grew its holdings in Fidelity MSCI Communication Services Index ETF by 47.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock worth $74,000 after acquiring an additional 597 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Fidelity MSCI Communication Services Index ETF in the third quarter worth approximately $228,000. Silver Oak Securities Incorporated acquired a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $231,000. Williams & Novak LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $291,000. Finally, Raymond James & Associates boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 34.6% during the 4th quarter. Raymond James & Associates now owns 7,096 shares of the company’s stock worth $316,000 after buying an additional 1,824 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of Fidelity MSCI Communication Services Index ETF stock traded up $0.11 during trading on Tuesday, reaching $50.06. 39,080 shares of the company traded hands, compared to its average volume of 110,496. The firm has a market capitalization of $1.08 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 $36.35 and a 1-year high of $50.76. The company has a 50 day moving average price of $48.93 and a 200-day moving average price of $45.81.

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.