Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 310,350 shares were traded during trading, an increase of 224% from the previous session’s volume of 95,871 shares.The stock last traded at $50.85 and had previously closed at $50.81.
Fidelity MSCI Communication Services Index ETF Price Performance
The stock has a market cap of $1.13 billion, a PE ratio of 26.44 and a beta of 1.22. The business has a fifty day moving average of $51.79 and a 200-day moving average of $50.56.
Institutional Trading of Fidelity MSCI Communication Services Index ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. New Millennium Group LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at about $28,000. Principal Securities Inc. purchased a new stake in Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at approximately $29,000. Pathway Financial Advisers LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the 1st quarter worth approximately $34,000. American National Bank raised 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 last quarter. Finally, Comerica Bank lifted its stake in Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after acquiring an additional 478 shares during the period.
About Fidelity MSCI Communication Services Index ETF
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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