Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $64.00 and last traded at $63.85, with a volume of 9740 shares trading hands. The stock had previously closed at $63.80.
Fidelity MSCI Communication Services Index ETF Price Performance
The stock’s fifty day moving average price is $60.86 and its 200-day moving average price is $56.80. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of FCOM. Q3 Asset Management acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $11,358,000. Destiny Wealth Partners LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $10,501,000. Wells Fargo & Company MN boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 38.4% during the 4th quarter. Wells Fargo & Company MN now owns 290,147 shares of the company’s stock worth $17,032,000 after buying an additional 80,530 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter worth $2,898,000. Finally, LPL Financial LLC boosted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 24.1% during the 4th quarter. LPL Financial LLC now owns 128,004 shares of the company’s stock worth $7,514,000 after buying an additional 24,852 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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