Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOM) Hits New 52-Week High – Time to Buy?

Fidelity MSCI Communication Services Index ETF (NYSEARCA:FCOMGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.76 and last traded at $63.82, with a volume of 23795 shares traded. The stock had previously closed at $63.13.

Fidelity MSCI Communication Services Index ETF Price Performance

The stock has a market cap of $1.37 billion, a PE ratio of 26.44 and a beta of 1.22. The business has a 50 day simple moving average of $60.12 and a 200 day simple moving average of $56.11.

Institutional Investors Weigh In On Fidelity MSCI Communication Services Index ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new position in shares of Fidelity MSCI Communication Services Index ETF during the 4th quarter valued at about $32,000. Decker Retirement Planning Inc. acquired a new stake in Fidelity MSCI Communication Services Index ETF during the fourth quarter worth about $34,000. Farther Finance Advisors LLC raised its holdings in Fidelity MSCI Communication Services Index ETF by 8,688.2% in 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. J.W. Cole Advisors Inc. acquired a new position in shares of Fidelity MSCI Communication Services Index ETF in the fourth quarter valued at $210,000. Finally, HBW Advisory Services LLC acquired a new stake in shares of Fidelity MSCI Communication Services Index ETF during the fourth quarter worth approximately $215,000.

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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