Axxcess Wealth Management LLC Boosts Stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Axxcess Wealth Management LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 211.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,248 shares of the company’s stock after buying an additional 27,324 shares during the quarter. Axxcess Wealth Management LLC owned about 0.19% of Fidelity MSCI Communication Services Index ETF worth $2,102,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 115.7% during the 4th quarter. Advisory Services Network LLC now owns 25,460 shares of the company’s stock valued at $1,134,000 after buying an additional 13,659 shares in the last quarter. Sunbelt Securities Inc. raised its position in Fidelity MSCI Communication Services Index ETF by 25.6% during the first quarter. Sunbelt Securities Inc. now owns 2,349 shares of the company’s stock valued at $116,000 after purchasing an additional 479 shares during the period. Lynch & Associates IN lifted its stake in shares of Fidelity MSCI Communication Services Index ETF by 2.7% in the 2nd quarter. Lynch & Associates IN now owns 23,552 shares of the company’s stock valued at $1,230,000 after purchasing an additional 625 shares during the last quarter. CX Institutional boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 15.2% in the 2nd quarter. CX Institutional now owns 13,446 shares of the company’s stock worth $702,000 after purchasing an additional 1,777 shares during the period. Finally, AGF Management Ltd. increased its position in shares of Fidelity MSCI Communication Services Index ETF by 18.4% during the 2nd quarter. AGF Management Ltd. now owns 300,084 shares of the company’s stock valued at $15,673,000 after purchasing an additional 46,580 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Performance

NYSEARCA:FCOM opened at $53.30 on Thursday. The firm has a market capitalization of $1.15 billion, a PE ratio of 26.44 and a beta of 1.22. The stock’s fifty day moving average is $51.76 and its 200 day moving average is $50.71. Fidelity MSCI Communication Services Index ETF has a fifty-two week low of $37.86 and a fifty-two week high of $53.69.

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.