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

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) saw an uptick in trading volume on Monday . 311,948 shares traded 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 firm has a market cap of $1.28 billion, a PE ratio of 26.44 and a beta of 1.22. The business’s 50 day moving average price is $58.11 and its 200 day moving average price is $54.40.

Hedge Funds Weigh In On Fidelity MSCI Communication Services Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings 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 worth $82,000 after buying an additional 1,477 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 2nd quarter worth approximately $209,000. Smithfield Trust Co lifted its holdings 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 worth $212,000 after buying an additional 450 shares in the last quarter. Capital Square LLC acquired a new stake in Fidelity MSCI Communication Services Index ETF during the 3rd quarter worth approximately $220,000. Finally, American National Bank & Trust lifted its holdings 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 worth $286,000 after buying an additional 501 shares in 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.