Sunbelt Securities Inc. Raises Stock Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Sunbelt Securities Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 25.6% during the first quarter, according to a recent disclosure with the Securities and Exchange Commission. The institutional investor now owns 2,349 shares of the company’s stock, valued at $116,000 after purchasing an additional 479 shares.

Other hedge funds have also shown interest in Fidelity MSCI Communication Services Index ETF. For instance, Lido Advisors LLC saw a 10.1% increase in its position, now owning 1,544,241 shares valued at $61,322,000. Personal CFO Solutions LLC and AGF Management Ltd. also increased their positions significantly in the fourth quarter.

FCOM opened at $52.23 on Friday, with a 1-year low of $37.86 and a high of $52.93. The market cap is $1.12 billion, with a PE ratio of 26.44 and a beta of 1.22.

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

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