Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sets New 52-Week High at $49.99

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.99 and last traded at $49.90, with a volume of 11967 shares. The stock had previously closed at $49.56.

Fidelity MSCI Communication Services Index ETF Stock Down 0.1 %

The stock has a market capitalization of $926.75 million, a price-to-earnings ratio of 12.69 and a beta of 1.02. The business’s 50 day simple moving average is $48.35 and its 200-day simple moving average is $44.33.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. bought a new position in Fidelity MSCI Communication Services Index ETF during the 4th quarter worth approximately $29,000. American National Bank raised its holdings in Fidelity MSCI Communication Services Index ETF by 408.1% during the 4th quarter. American National Bank now owns 813 shares of the company’s stock worth $36,000 after purchasing an additional 653 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Fidelity MSCI Communication Services Index ETF during the 1st quarter worth approximately $37,000. Harbour Investments Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 297.3% during the 4th quarter. Harbour Investments Inc. now owns 1,617 shares of the company’s stock worth $50,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Comerica Bank bought a new position in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $50,000.

Fidelity MSCI Communication Services Index ETF Company Profile

(Get Free Report)

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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