Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Strong Trading Volume

Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw unusually-high trading volume on Thursday . Approximately 140,681 shares changed hands during trading, an increase of 47% from the previous session’s volume of 95,664 shares.The stock last traded at $52.63 and had previously closed at $52.33.

Fidelity MSCI Communication Services Index ETF Stock Up 0.4 %

The business’s 50-day moving average is $50.22 and its two-hundred day moving average is $48.21. The company has a market capitalization of $1.13 billion, a P/E 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 stock. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Communication Services Index ETF by 10.1% in the third quarter. Lido Advisors LLC now owns 1,544,241 shares of the company’s stock worth $61,322,000 after purchasing an additional 142,240 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 15.8% in the third quarter. Envestnet Asset Management Inc. now owns 348,423 shares of the company’s stock valued at $13,836,000 after acquiring an additional 47,543 shares during the period. Wells Fargo & Company MN boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 5.3% in the fourth quarter. Wells Fargo & Company MN now owns 270,243 shares of the company’s stock valued at $12,038,000 after acquiring an additional 13,544 shares during the period. AGF Management Ltd. boosted its position in shares of Fidelity MSCI Communication Services Index ETF by 42.1% in the fourth quarter. AGF Management Ltd. now owns 200,924 shares of the company’s stock valued at $8,950,000 after acquiring an additional 59,553 shares during the period. Finally, Personal CFO Solutions LLC lifted its position in Fidelity MSCI Communication Services Index ETF by 156.6% during 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 during 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.