Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Stock Price Up 0.6% – Time to Buy?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) shares traded up 0.6% during mid-day trading on Tuesday . The company traded as high as $71.69 and last traded at $71.62. 113,353 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 180,951 shares. The stock had previously closed at $71.21.

Fidelity MSCI Communication Services Index ETF Trading Up 0.1%

The company has a 50 day moving average of $72.95 and a 200 day moving average of $71.17. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 19.08 and a beta of 1.06.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Several large investors have recently made changes to their positions in FCOM. Atlantic Union Bankshares Corp bought a new position in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at about $26,000. Simplex Trading LLC grew its stake in Fidelity MSCI Communication Services Index ETF by 80.9% during the fourth quarter. Simplex Trading LLC now owns 360 shares of the company’s stock worth $26,000 after buying an additional 161 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Fidelity MSCI Communication Services Index ETF by 1,737.5% during the third quarter. Private Trust Co. NA now owns 441 shares of the company’s stock worth $31,000 after buying an additional 417 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Fidelity MSCI Communication Services Index ETF by 170.9% in the third quarter. Russell Investments Group Ltd. now owns 512 shares of the company’s stock valued at $36,000 after acquiring an additional 323 shares during the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $41,000.

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.