Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Strong Trading Volume

Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw unusually-high trading volume on Monday . Approximately 193,604 shares changed hands during trading, an increase of 100% from the previous session’s volume of 96,814 shares.The stock last traded at $52.98 and had previously closed at $52.52.

Fidelity MSCI Communication Services Index ETF Trading Up 0.4 %

The stock has a fifty day simple moving average of $51.32 and a 200-day simple moving average of $49.02. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.

Hedge Funds Weigh In On Fidelity MSCI Communication Services Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FCOM. Wells Fargo & Company MN increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 270,243 shares of the company’s stock worth $12,038,000 after purchasing an additional 13,544 shares during the period. AGF Management Ltd. increased its stake in Fidelity MSCI Communication Services Index ETF by 42.1% during the fourth quarter. AGF Management Ltd. now owns 200,924 shares of the company’s stock valued at $8,950,000 after acquiring an additional 59,553 shares during the period. Personal CFO Solutions LLC raised its holdings in Fidelity MSCI Communication Services Index ETF by 156.6% in the 4th quarter. Personal CFO Solutions LLC now owns 123,362 shares of the company’s stock valued at $5,495,000 after acquiring an additional 75,293 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Fidelity MSCI Communication Services Index ETF by 190.5% in the 1st quarter. Advisory Services Network LLC now owns 73,953 shares of the company’s stock worth $3,665,000 after acquiring an additional 48,493 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 106.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 71,632 shares of the company’s stock worth $3,201,000 after purchasing an additional 36,925 shares in the last quarter.

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.