Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Strong Trading Volume – Time to Buy?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw strong trading volume on Tuesday. Approximately 2,084,022 shares were traded during mid-day trading, an increase of 1,030% from the previous session’s volume of 184,500 shares. The stock last traded at $71.2620 and had previously closed at $71.29.

Fidelity MSCI Communication Services Index ETF Price Performance

The firm has a market cap of $1.75 billion, a PE ratio of 19.08 and a beta of 1.04. The business has a 50-day moving average price of $71.78 and a two-hundred day moving average price of $71.82.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

A number of large investors have recently added to or reduced their stakes in FCOM. Capital Square LLC raised its position in Fidelity MSCI Communication Services Index ETF by 4.8% during the third quarter. Capital Square LLC now owns 4,434 shares of the company’s stock worth $319,000 after acquiring an additional 205 shares during the last quarter. Sigma Planning Corp grew its position in shares of Fidelity MSCI Communication Services Index ETF by 2.0% in the first quarter. Sigma Planning Corp now owns 13,094 shares of the company’s stock valued at $892,000 after purchasing an additional 257 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Fidelity MSCI Communication Services Index ETF by 24.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,594 shares of the company’s stock valued at $117,000 after purchasing an additional 317 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the third quarter valued at approximately $25,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF in the second quarter valued at approximately $30,000.

About Fidelity MSCI Communication Services Index ETF

(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.

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