Gimbal Financial Cuts Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Gimbal Financial cut its holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 74.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,781 shares of the company’s stock after selling 19,264 shares during the quarter. Gimbal Financial’s holdings in Fidelity MSCI Communication Services Index ETF were worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Integrated Advisors Network LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the third quarter valued at $636,000. Southern Capital Advisors LLC grew its holdings in Fidelity MSCI Communication Services Index ETF by 6.9% during the third quarter. Southern Capital Advisors LLC now owns 77,900 shares of the company’s stock worth $4,291,000 after acquiring an additional 5,015 shares during the period. Smith Salley Wealth Management lifted its holdings in Fidelity MSCI Communication Services Index ETF by 2.5% in the third quarter. Smith Salley Wealth Management now owns 60,349 shares of the company’s stock valued at $3,324,000 after acquiring an additional 1,457 shares during the period. Yoder Wealth Management Inc. boosted its position in Fidelity MSCI Communication Services Index ETF by 9.1% in the 3rd quarter. Yoder Wealth Management Inc. now owns 60,106 shares of the company’s stock worth $3,311,000 after purchasing an additional 5,027 shares in the last quarter. Finally, Lynch & Associates IN grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.2% during the 3rd quarter. Lynch & Associates IN now owns 24,542 shares of the company’s stock worth $1,352,000 after purchasing an additional 990 shares during the period.

Fidelity MSCI Communication Services Index ETF Stock Performance

Shares of Fidelity MSCI Communication Services Index ETF stock traded up $1.07 on Wednesday, hitting $57.55. The company’s stock had a trading volume of 13,081 shares, compared to its average volume of 92,674. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The firm has a fifty day moving average price of $53.89 and a 200-day moving average price of $51.93. Fidelity MSCI Communication Services Index ETF has a 1 year low of $38.74 and a 1 year high of $57.55.

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.