Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Hits New 1-Year High at $54.45

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.45 and last traded at $54.40, with a volume of 43190 shares traded. The stock had previously closed at $54.06.

Fidelity MSCI Communication Services Index ETF Price Performance

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 26.44 and a beta of 1.22. The firm’s fifty day moving average is $51.84 and its 200 day moving average is $50.86.

Hedge Funds Weigh In On Fidelity MSCI Communication Services Index ETF

Institutional investors have recently modified their holdings of the company. New Millennium Group LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the second quarter worth $28,000. Principal Securities Inc. bought a new position in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth $29,000. Pathway Financial Advisers LLC bought a new position in Fidelity MSCI Communication Services Index ETF during the first quarter worth $34,000. American National Bank increased its position in Fidelity MSCI Communication Services Index ETF by 57.1% during the first quarter. American National Bank now owns 1,277 shares of the company’s stock worth $63,000 after acquiring an additional 464 shares during the period. Finally, Comerica Bank increased its position in Fidelity MSCI Communication Services Index ETF by 27.7% during the first quarter. Comerica Bank now owns 2,203 shares of the company’s stock worth $109,000 after acquiring an additional 478 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.