Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Sees Unusually-High Trading Volume – Here’s What Happened

Posted by Oscar Bower on Dec 23rd, 2024

Shares of Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM – Get Free Report) saw unusually-high trading volume on Monday . Approximately 311,948 shares changed hands during trading, an increase of 220% from the previous session’s volume of 97,608 shares.The stock last traded at $59.73 and had previously closed at $59.30.

Fidelity MSCI Communication Services Index ETF Price Performance

The company has a market capitalization of $1.28 billion, a P/E ratio of 26.44 and a beta of 1.22. The company has a 50 day moving average of $58.11 and a 200-day moving average of $54.40.

Institutional Trading of Fidelity MSCI Communication Services Index ETF

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in Fidelity MSCI Communication Services Index ETF by 8,688.2% during 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 in the last quarter. Smithfield Trust Co boosted its position in Fidelity MSCI Communication Services Index ETF by 13.2% during the 3rd quarter. Smithfield Trust Co now owns 3,850 shares of the company’s stock valued at $212,000 after acquiring an additional 450 shares in the last quarter. Capital Square LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter valued at approximately $220,000. Sanctuary Advisors LLC bought a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter valued at approximately $209,000. Finally, American National Bank & Trust boosted its position in Fidelity MSCI Communication Services Index ETF by 10.7% during the 3rd quarter. American National Bank & Trust now owns 5,197 shares of the company’s stock valued at $286,000 after acquiring an additional 501 shares in the last quarter.

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.