Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 33,890 shares were traded during trading, a decline of 65% from the previous session’s volume of 98,230 shares.The stock last traded at $51.47 and had previously closed at $51.61.
Fidelity MSCI Communication Services Index ETF Stock Down 0.2 %
The business’s 50 day simple moving average is $51.65 and its 200-day simple moving average is $49.97. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.
Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF
Hedge funds have recently made changes to their positions in the stock. New Millennium Group LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at approximately $28,000. Principal Securities Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $29,000. Pathway Financial Advisers LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 1st quarter worth approximately $34,000. American National Bank boosted its position 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 buying an additional 653 shares during the period. Finally, Smithfield Trust Co acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $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.
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