Destiny Wealth Partners LLC Makes New $10.50 Million Investment in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)

Destiny Wealth Partners LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 178,885 shares of the company’s stock, valued at approximately $10,501,000. Fidelity MSCI Communication Services Index ETF comprises approximately 1.7% of Destiny Wealth Partners LLC’s holdings, making the stock its 18th biggest position.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $32,000. Decker Retirement Planning Inc. acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $34,000. Farther Finance Advisors LLC raised its position in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% during the third 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 acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the second quarter valued at $209,000. Finally, Smithfield Trust Co boosted its holdings in Fidelity MSCI Communication Services Index ETF by 13.2% in the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after acquiring an additional 450 shares during the last quarter.

Fidelity MSCI Communication Services Index ETF Stock Up 0.4 %

Shares of FCOM stock opened at $63.07 on Friday. Fidelity MSCI Communication Services Index ETF has a 12 month low of $46.22 and a 12 month high of $63.74. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The stock has a 50-day moving average price of $60.02 and a 200 day moving average price of $55.99.

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.