Morgan Stanley boosted its holdings in Fidelity MSCI Telecommunication Services Index ETF (NYSEARCA:FCOM) by 41.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,068 shares of the company’s stock after buying an additional 33,267 shares during the quarter. Morgan Stanley owned approximately 0.78% of Fidelity MSCI Telecommunication Services Index ETF worth $3,282,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Fidelity MSCI Telecommunication Services Index ETF during the 1st quarter valued at about $61,000. Verus Capital Partners LLC bought a new stake in shares of Fidelity MSCI Telecommunication Services Index ETF in the 1st quarter worth $63,000. MML Investors Services LLC bought a new stake in shares of Fidelity MSCI Telecommunication Services Index ETF in the 1st quarter worth $207,000. Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Fidelity MSCI Telecommunication Services Index ETF in the 1st quarter worth $477,000. Finally, Jane Street Group LLC bought a new stake in shares of Fidelity MSCI Telecommunication Services Index ETF in the 1st quarter worth $549,000.
Fidelity MSCI Telecommunication Services Index ETF stock opened at $38.18 on Friday. Fidelity MSCI Telecommunication Services Index ETF has a 12 month low of $25.42 and a 12 month high of $42.23. The stock has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $34.96.
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