Meridian Wealth Management LLC Cuts Holdings in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Meridian Wealth Management LLC decreased its position in shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) by 18.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,034 shares of the company’s stock after selling 2,637 shares during the period. Meridian Wealth Management LLC owned approximately 0.06% of Fidelity MSCI Communication Services Index ETF worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FCOM. Q3 Asset Management purchased a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth about $11,358,000. Destiny Wealth Partners LLC purchased a new position in Fidelity MSCI Communication Services Index ETF in the fourth quarter worth about $10,501,000. Beckerman Institutional LLC purchased a new position in Fidelity MSCI Communication Services Index ETF in the third quarter worth about $1,279,000. VCI Wealth Management LLC grew its position in Fidelity MSCI Communication Services Index ETF by 109.7% in the fourth quarter. VCI Wealth Management LLC now owns 23,031 shares of the company’s stock worth $1,352,000 after acquiring an additional 12,050 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Fidelity MSCI Communication Services Index ETF by 28.9% in the third quarter. Thrivent Financial for Lutherans now owns 52,306 shares of the company’s stock worth $2,881,000 after acquiring an additional 11,721 shares in the last quarter.

Fidelity MSCI Communication Services Index ETF Trading Down 0.9 %

FCOM opened at $59.44 on Wednesday. The firm has a market cap of $1.45 billion, a P/E ratio of 22.38 and a beta of 1.05. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.37 and a 12 month high of $64.25. The stock has a 50-day moving average of $61.18 and a 200 day moving average of $57.87.

About Fidelity MSCI Communication Services Index ETF

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.