Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Reaches New 12-Month High at $55.14

Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) hit a new 52-week high on Monday . The stock traded as high as $55.14 and last traded at $55.14, with a volume of 194574 shares traded. The stock had previously closed at $54.89.

Fidelity MSCI Communication Services Index ETF Stock Performance

The company has a 50 day moving average of $52.04 and a two-hundred day moving average of $51.03. The stock has a market capitalization of $1.18 billion, a PE ratio of 26.44 and a beta of 1.22.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity MSCI Communication Services Index ETF by 45.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 371,542 shares of the company’s stock valued at $19,406,000 after buying an additional 115,797 shares during the period. Personal CFO Solutions LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 156.6% in the fourth quarter. Personal CFO Solutions LLC now owns 123,362 shares of the company’s stock valued at $5,495,000 after purchasing an additional 75,293 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 190.5% in the first quarter. Advisory Services Network LLC now owns 73,953 shares of the company’s stock valued at $3,665,000 after purchasing an additional 48,493 shares in the last quarter. AGF Management Ltd. grew its position in shares of Fidelity MSCI Communication Services Index ETF by 18.4% in the second quarter. AGF Management Ltd. now owns 300,084 shares of the company’s stock valued at $15,673,000 after purchasing an additional 46,580 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Fidelity MSCI Communication Services Index ETF by 211.4% in the second quarter. Axxcess Wealth Management LLC now owns 40,248 shares of the company’s stock valued at $2,102,000 after purchasing an additional 27,324 shares in the last quarter.

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.