Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Reaches New 52-Week High – What’s Next?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $63.76 and last traded at $63.82, with a volume of 23795 shares. The stock had previously closed at $63.13.

Fidelity MSCI Communication Services Index ETF Stock Up 0.4 %

The company has a market capitalization of $1.36 billion, a PE ratio of 26.44 and a beta of 1.22. The stock’s fifty day moving average price is $60.41 and its two-hundred day moving average price is $56.32.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of large investors have recently modified their holdings of FCOM. Sanctuary Advisors LLC lifted its position in Fidelity MSCI Communication Services Index ETF by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 4,537 shares of the company’s stock valued at $285,000 after acquiring an additional 189 shares during the period. Sigma Planning Corp boosted its holdings in Fidelity MSCI Communication Services Index ETF by 1.3% in the fourth quarter. Sigma Planning Corp now owns 14,918 shares of the company’s stock worth $876,000 after acquiring an additional 194 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Fidelity MSCI Communication Services Index ETF by 4.0% in the third quarter. GSA Capital Partners LLP now owns 5,314 shares of the company’s stock worth $293,000 after acquiring an additional 203 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 6.4% during the fourth quarter. Private Advisor Group LLC now owns 4,482 shares of the company’s stock valued at $263,000 after acquiring an additional 271 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. raised its holdings in Fidelity MSCI Communication Services Index ETF by 8.6% in the fourth quarter. Prairie Wealth Advisors Inc. now owns 4,001 shares of the company’s stock worth $235,000 after buying an additional 316 shares during the last quarter.

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.