Janney Montgomery Scott LLC Raises Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Janney Montgomery Scott LLC increased its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 3.8% during the first quarter, according to the company’s recent Form 13F filing with the SEC. The firm now owns 63,171 shares of the company’s stock, worth $3,131,000 at the end of the reporting period.

Other institutional investors have also made changes to their holdings of FCOM. Personal CFO Solutions LLC saw a 156.6% increase in its holdings, while Win Advisors Inc. and AGF Management Ltd. both made new purchases. Gimbal Financial and Orion Portfolio Solutions LLC also increased their holdings during the same period.

FCOM stock opened at $52.52 on Friday, with a market cap of $1.13 billion. The company has a price-to-earnings ratio of 26.44 and a beta of 1.22. Its 50-day moving average is $51.32, and the 200-day moving average is $48.96. The stock has a 52-week low of $37.86 and a high of $53.66.

The Fidelity MSCI Communication Services Index ETF primarily invests in communication services equity and tracks a market-cap-weighted index of US communication services sector stocks. Managed by Fidelity, FCOM was launched on Oct 21, 2013.

For those interested in seeing what other hedge funds are holding FCOM, they can visit HoldingsChannel.com for the latest 13F filings and insider trades related to the ETF.

Readers can also receive daily news and ratings for Fidelity MSCI Communication Services Index ETF by entering their email address to subscribe to MarketBeat.com’s free newsletter.