Commonwealth Equity Services LLC reduced its position in Fidelity MSCI Telecommunication Services Index ETF (NYSEARCA:FCOM) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,312 shares of the company’s stock after selling 67,222 shares during the quarter. Commonwealth Equity Services LLC owned about 1.00% of Fidelity MSCI Telecommunication Services Index ETF worth $7,068,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Lynch & Associates IN grew its holdings in shares of Fidelity MSCI Telecommunication Services Index ETF by 3.7% during the 4th quarter. Lynch & Associates IN now owns 14,344 shares of the company’s stock valued at $653,000 after purchasing an additional 507 shares during the last quarter. Ropes Wealth Advisors LLC boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 85.8% during the 4th quarter. Ropes Wealth Advisors LLC now owns 1,273 shares of the company’s stock worth $58,000 after buying an additional 588 shares during the period. Sigma Planning Corp boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 9.3% during the 4th quarter. Sigma Planning Corp now owns 7,230 shares of the company’s stock worth $329,000 after buying an additional 613 shares during the period. Meeder Asset Management Inc. acquired a new stake in Fidelity MSCI Telecommunication Services Index ETF during the 1st quarter worth approximately $31,000. Finally, Maltin Wealth Management Inc. boosted its position in Fidelity MSCI Telecommunication Services Index ETF by 1.6% during the 1st quarter. Maltin Wealth Management Inc. now owns 43,013 shares of the company’s stock worth $2,121,000 after buying an additional 698 shares during the period.
NYSEARCA:FCOM opened at $50.42 on Thursday. The firm’s 50 day simple moving average is $51.43 and its 200 day simple moving average is $47.60. Fidelity MSCI Telecommunication Services Index ETF has a one year low of $33.86 and a one year high of $53.17.
See Also: Index Funds