Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $74.23 and last traded at $73.5150, with a volume of 11354 shares changing hands. The stock had previously closed at $73.86.
Fidelity MSCI Communication Services Index ETF Price Performance
The business has a 50-day simple moving average of $71.72 and a two-hundred day simple moving average of $69.47. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.
Institutional Trading of Fidelity MSCI Communication Services Index ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp acquired a new stake in Fidelity MSCI Communication Services Index ETF during the second quarter worth approximately $26,000. Private Trust Co. NA grew its holdings in Fidelity MSCI Communication Services Index ETF by 1,737.5% in the 3rd quarter. Private Trust Co. NA now owns 441 shares of the company’s stock valued at $31,000 after buying an additional 417 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Fidelity MSCI Communication Services Index ETF by 170.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after buying an additional 323 shares in the last quarter. Signature Resources Capital Management LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth $40,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the third quarter worth $41,000.
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.
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