Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Reaches New 12-Month High – What’s Next?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $62.19 and last traded at $62.20, with a volume of 23708 shares changing hands. The stock had previously closed at $61.69.

Fidelity MSCI Communication Services Index ETF Stock Performance

The firm’s fifty day moving average is $59.75 and its 200-day moving average is $55.82. The company has a market capitalization of $1.34 billion, a P/E ratio of 26.44 and a beta of 1.22.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Several hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP increased its position in Fidelity MSCI Communication Services Index ETF by 4.0% in the 3rd quarter. GSA Capital Partners LLP now owns 5,314 shares of the company’s stock valued at $293,000 after acquiring an additional 203 shares during the period. Prairie Wealth Advisors Inc. increased its holdings in Fidelity MSCI Communication Services Index ETF by 8.6% in the fourth quarter. Prairie Wealth Advisors Inc. now owns 4,001 shares of the company’s stock valued at $235,000 after purchasing an additional 316 shares during the period. MML Investors Services LLC raised its position in Fidelity MSCI Communication Services Index ETF by 4.5% during the 3rd quarter. MML Investors Services LLC now owns 9,809 shares of the company’s stock worth $540,000 after purchasing an additional 421 shares during the last quarter. Smithfield Trust Co lifted its holdings in Fidelity MSCI Communication Services Index ETF by 13.2% during the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock worth $212,000 after buying an additional 450 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 1.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,832 shares of the company’s stock valued at $2,635,000 after buying an additional 465 shares during the last quarter.

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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