Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw strong trading volume on Thursday . 1,796,507 shares traded hands during mid-day trading, an increase of 1,001% from the previous session’s volume of 163,103 shares.The stock last traded at $71.3350 and had previously closed at $71.08.
Fidelity MSCI Communication Services Index ETF Stock Up 0.5%
The company has a 50 day simple moving average of $70.68 and a 200-day simple moving average of $71.41. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.08 and a beta of 1.05.
Hedge Funds Weigh In On Fidelity MSCI Communication Services Index ETF
Several large investors have recently added to or reduced their stakes in FCOM. Simplex Trading LLC increased its stake in 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 last quarter. Allied Private Wealth LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the second quarter worth about $30,000. Russell Investments Group Ltd. grew its position 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. Larson Financial Group LLC acquired a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at about $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 valued at $53,000 after buying an additional 539 shares during the period.
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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