SVB Wealth LLC Lowers Stock Holdings in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

SVB Wealth LLC trimmed its position in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 16.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 11,152 shares of the company’s stock after selling 2,165 shares during the period. SVB Wealth LLC’s holdings in Fidelity MSCI Health Care Index ETF were worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FHLC. International Assets Investment Management LLC bought a new position in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter worth approximately $7,756,000. Richard C. Young & CO. LTD. bought a new position in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter worth approximately $6,770,000. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity MSCI Health Care Index ETF by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,075,295 shares of the company’s stock worth $328,321,000 after purchasing an additional 48,012 shares during the last quarter. Harbour Investments Inc. grew its position in Fidelity MSCI Health Care Index ETF by 9.1% during the fourth quarter. Harbour Investments Inc. now owns 476,727 shares of the company’s stock valued at $30,839,000 after acquiring an additional 39,957 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Fidelity MSCI Health Care Index ETF by 14.1% during the fourth quarter. Wells Fargo & Company MN now owns 275,940 shares of the company’s stock valued at $17,851,000 after acquiring an additional 34,089 shares during the last quarter.

Fidelity MSCI Health Care Index ETF Price Performance

NYSEARCA FHLC traded up $0.02 on Monday, reaching $70.99. 313,902 shares of the company’s stock traded hands, compared to its average volume of 141,495. Fidelity MSCI Health Care Index ETF has a 12 month low of $57.32 and a 12 month high of $71.62. The stock has a 50-day simple moving average of $68.82 and a 200 day simple moving average of $68.00. The stock has a market cap of $3.20 billion, a PE ratio of 23.99 and a beta of 0.59.

Fidelity MSCI Health Care Index ETF Profile

The Fidelity MSCI Health Care Index ETF (FHLC) is an exchange-traded fund that is based on the MSCI US IMI 25\u002F50 Health Care index, a market-cap-weighted index of stocks in the broad US health care sector. FHLC was launched on Oct 21, 2013 and is managed by Fidelity.