Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $73.14 and last traded at $72.5690, with a volume of 13346 shares traded. The stock had previously closed at $72.07.
Fidelity MSCI Communication Services Index ETF Price Performance
The stock’s 50-day moving average is $70.25 and its 200 day moving average is $67.10. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.
Hedge Funds Weigh In On Fidelity MSCI Communication Services Index ETF
Several hedge funds have recently bought and sold shares of FCOM. Atlantic Union Bankshares Corp purchased a new stake in Fidelity MSCI Communication Services Index ETF during the second quarter worth $26,000. Private Trust Co. NA lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% in the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock valued at $31,000 after purchasing an additional 417 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 100.0% during the 1st quarter. Blair William & Co. IL now owns 448 shares of the company’s stock worth $25,000 after purchasing an additional 224 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Fidelity MSCI Communication Services Index ETF by 170.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock worth $36,000 after purchasing an additional 323 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in Fidelity MSCI Communication Services Index ETF in the 3rd quarter valued at approximately $41,000.
About Fidelity MSCI Communication Services Index ETF
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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