Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sets New 1-Year Low – Should You Sell?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $64.99 and last traded at $65.7410, with a volume of 29,655 shares changing hands. The stock had previously closed at $66.98.

Fidelity MSCI Communication Services Index ETF Trading Down 1.6%

The firm has a 50-day simple moving average of $71.49 and a two-hundred day simple moving average of $71.71. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.08 and a beta of 1.04.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

Hedge funds have recently modified their holdings of the stock. Blue Fin Capital Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the third quarter worth about $296,000. Soltis Investment Advisors LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 2.2% in the third quarter. Soltis Investment Advisors LLC now owns 11,794 shares of the company’s stock valued at $849,000 after acquiring an additional 256 shares during the period. WestEnd Advisors LLC acquired a new position in Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $33,000. Sigma Planning Corp purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth approximately $534,000. Finally, Root Financial Partners LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter worth approximately $25,000.

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.