Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sets New 12-Month High at $53.07

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) shares hit a new 52-week high during trading on Friday . The stock traded as high as $53.07 and last traded at $53.05, with a volume of 9973 shares changing hands. The stock had previously closed at $52.52.

Fidelity MSCI Communication Services Index ETF Price Performance

The stock has a 50 day moving average price of $50.76 and a 200-day moving average price of $48.59. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

A number of institutional investors have recently made changes to their positions in FCOM. Principal Securities Inc. acquired a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $29,000. Pathway Financial Advisers LLC purchased a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 1st quarter valued at $34,000. American National Bank grew its stake in Fidelity MSCI Communication Services Index ETF by 408.1% during the 4th quarter. American National Bank now owns 813 shares of the company’s stock worth $36,000 after purchasing an additional 653 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Fidelity MSCI Communication Services Index ETF by 47.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,868 shares of the company’s stock worth $74,000 after purchasing an additional 597 shares in the last quarter. Finally, Smithfield Trust Co acquired a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $88,000.

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.