Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMGet Free Report) shares saw unusually-high trading volume on Thursday . Approximately 65,536 shares were traded during trading, a decline of 30% from the previous session’s volume of 93,591 shares.The stock last traded at $61.93 and had previously closed at $61.96.

Fidelity MSCI Communication Services Index ETF Stock Down 1.0 %

The firm’s 50 day moving average price is $57.49 and its two-hundred day moving average price is $53.95. The firm has a market capitalization of $1.31 billion, a PE ratio of 26.44 and a beta of 1.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. New Millennium Group LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at $28,000. Farther Finance Advisors LLC lifted its holdings in Fidelity MSCI Communication Services Index ETF by 8,688.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,494 shares of the company’s stock valued at $82,000 after acquiring an additional 1,477 shares during the last quarter. Comerica Bank boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 27.7% during the 1st quarter. Comerica Bank now owns 2,203 shares of the company’s stock valued at $109,000 after purchasing an additional 478 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the 2nd quarter worth approximately $209,000. Finally, Smithfield Trust Co increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 13.2% in the third quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after buying an additional 450 shares in 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.

Further Reading

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