Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 338,382 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 157,632 shares.The stock last traded at $67.30 and had previously closed at $69.73.
Fidelity MSCI Communication Services Index ETF Price Performance
The company has a market cap of $1.77 billion, a PE ratio of 19.08 and a beta of 1.05. The company has a 50-day moving average price of $70.96 and a two-hundred day moving average price of $71.84.
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. Simplex Trading LLC raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 80.9% during the fourth quarter. Simplex Trading LLC now owns 360 shares of the company’s stock valued at $26,000 after purchasing an additional 161 shares during the period. Allied Private Wealth LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at $30,000. Russell Investments Group Ltd. grew its holdings in Fidelity MSCI Communication Services Index ETF by 170.9% during the 3rd 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 purchased a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth $41,000. Finally, Global Retirement Partners LLC increased its stake in Fidelity MSCI Communication Services Index ETF by 286.7% during the 4th quarter. Global Retirement Partners LLC now owns 727 shares of the company’s stock worth $53,000 after buying an additional 539 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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