JPMorgan Chase & Co. Sells 712 Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

JPMorgan Chase & Co. lowered its stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,788 shares of the company’s stock after selling 712 shares during the quarter. JPMorgan Chase & Co.’s holdings in Fidelity MSCI Communication Services Index ETF were worth $429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FCOM. Farther Finance Advisors LLC increased its stake in Fidelity MSCI Communication Services Index ETF by 8,688.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after purchasing an additional 1,477 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the second quarter worth about $209,000. Smithfield Trust Co raised its holdings in shares of Fidelity MSCI Communication Services Index ETF by 13.2% in the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock worth $212,000 after acquiring an additional 450 shares during the last quarter. Capital Square LLC bought a new position in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at about $220,000. Finally, American National Bank & Trust boosted its stake in Fidelity MSCI Communication Services Index ETF by 10.7% during the 3rd quarter. American National Bank & Trust now owns 5,197 shares of the company’s stock valued at $286,000 after purchasing an additional 501 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Price Performance

Shares of FCOM stock opened at $62.55 on Thursday. The firm has a 50-day moving average of $59.83 and a 200-day moving average of $55.89. Fidelity MSCI Communication Services Index ETF has a one year low of $46.22 and a one year high of $62.80. The company has a market cap of $1.34 billion, a P/E ratio of 26.44 and a beta of 1.22.

Fidelity MSCI Communication Services Index ETF Company 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.