Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Large Volume Increase

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) shares saw unusually-strong trading volume on Thursday . Approximately 925,092 shares traded hands during trading, an increase of 669% from the previous session’s volume of 120,226 shares.The stock last traded at $49.56 and had previously closed at $49.63.

Fidelity MSCI Communication Services Index ETF Price Performance

The stock’s fifty day moving average price is $48.12 and its 200-day moving average price is $44.10. The firm has a market cap of $921.82 million, a price-to-earnings ratio of 12.69 and a beta of 1.02.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of large investors have recently made changes to their positions in the company. Napatree Capital LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $684,000. GSA Capital Partners LLP purchased a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter valued at approximately $508,000. Atlas Capital Advisors LLC grew its position in Fidelity MSCI Communication Services Index ETF by 10.4% during the fourth quarter. Atlas Capital Advisors LLC now owns 40,123 shares of the company’s stock valued at $1,787,000 after purchasing an additional 3,790 shares in the last quarter. Nwam LLC grew its position in Fidelity MSCI Communication Services Index ETF by 9.0% during the fourth quarter. Nwam LLC now owns 14,025 shares of the company’s stock valued at $625,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in Fidelity MSCI Communication Services Index ETF by 159.5% during the fourth quarter. Citadel Advisors LLC now owns 49,277 shares of the company’s stock valued at $2,195,000 after purchasing an additional 30,285 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.