Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Hits New 12-Month High – Here’s What Happened

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.19 and last traded at $62.20, with a volume of 23708 shares trading hands. The stock had previously closed at $61.69.

Fidelity MSCI Communication Services Index ETF Stock Up 0.5 %

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The stock has a 50 day moving average of $59.92 and a 200 day moving average of $55.94.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Several hedge funds have recently added to or reduced their stakes in FCOM. Sound Income Strategies LLC bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $32,000. Decker Retirement Planning Inc. bought a new stake in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 8,688.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after acquiring an additional 1,477 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $215,000. Finally, Smithfield Trust Co grew its position in Fidelity MSCI Communication Services Index ETF by 13.2% in the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after purchasing an additional 450 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.