Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 421,623 shares traded hands during trading, an increase of 175% from the previous session’s volume of 153,346 shares.The stock last traded at $73.45 and had previously closed at $71.94.
Fidelity MSCI Communication Services Index ETF Stock Performance
The firm’s 50-day simple moving average is $70.90 and its 200 day simple moving average is $71.39. The company has a market cap of $1.74 billion, a P/E ratio of 19.08 and a beta of 1.07.
Institutional Trading of Fidelity MSCI Communication Services Index ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 24.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,594 shares of the company’s stock valued at $117,000 after acquiring an additional 317 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $253,000. Sunbelt Securities Inc. grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 68.1% in the 4th quarter. Sunbelt Securities Inc. now owns 16,747 shares of the company’s stock valued at $1,227,000 after buying an additional 6,784 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Fidelity MSCI Communication Services Index ETF by 17.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 104,850 shares of the company’s stock valued at $7,683,000 after buying an additional 15,255 shares during the period. Finally, Jacobs Equity LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 4th quarter valued at $1,229,000.
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.
Further Reading
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