JPMorgan Chase & Co. Decreases Stock Position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

JPMorgan Chase & Co. cut its position in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Fidelity MSCI Communication Services Index ETF by 8,688.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock worth $82,000 after acquiring an additional 1,477 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth about $209,000. Smithfield Trust Co boosted its position in Fidelity MSCI Communication Services Index ETF by 13.2% during the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock worth $212,000 after purchasing an additional 450 shares during the period. Capital Square LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $220,000. Finally, American National Bank & Trust lifted its stake in shares of 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 buying an additional 501 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Up 0.3 %

FCOM opened at $62.55 on Thursday. The company 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 12 month low of $46.22 and a 12 month high of $62.80. The company has a market cap of $1.34 billion, a PE ratio of 26.44 and a beta of 1.22.

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.