Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Hits New 1-Year High – Here’s What Happened

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $74.23 and last traded at $73.5150, with a volume of 11354 shares. The stock had previously closed at $73.86.

Fidelity MSCI Communication Services Index ETF Trading Down 0.3%

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06. The firm’s 50 day simple moving average is $71.72 and its two-hundred day simple moving average is $69.47.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of large investors have recently added to or reduced their stakes in FCOM. Atlantic Union Bankshares Corp acquired a new position in Fidelity MSCI Communication Services Index ETF in the 2nd quarter valued at $26,000. Private Trust Co. NA increased its position in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% in the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock worth $31,000 after purchasing an additional 417 shares during the period. Russell Investments Group Ltd. raised its stake in Fidelity MSCI Communication Services Index ETF by 170.9% in the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after purchasing an additional 323 shares in the last quarter. Larson Financial Group LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $41,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the second quarter worth about $40,000.

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.