Mcrae Capital Management Inc. Makes New $445,000 Investment in Fidelity MSCI Health Care Index ETF $FHLC

Mcrae Capital Management Inc. acquired a new position in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,954 shares of the company’s stock, valued at approximately $445,000.

A number of other institutional investors also recently modified their holdings of FHLC. Independence Financial Advisors LLC bought a new position in Fidelity MSCI Health Care Index ETF during the first quarter worth $9,611,000. Goldman Sachs Group Inc. increased its stake in Fidelity MSCI Health Care Index ETF by 1,276.5% in the first quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock valued at $7,570,000 after purchasing an additional 102,757 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 104.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 163,339 shares of the company’s stock worth $11,159,000 after purchasing an additional 83,396 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 42.1% during the 1st quarter. Raymond James Financial Inc. now owns 280,541 shares of the company’s stock worth $19,167,000 after purchasing an additional 83,085 shares in the last quarter. Finally, Altfest L J & Co. Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 1st quarter valued at about $5,387,000.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of Fidelity MSCI Health Care Index ETF stock opened at $70.14 on Friday. The business has a 50-day simple moving average of $67.75 and a 200 day simple moving average of $65.10. Fidelity MSCI Health Care Index ETF has a one year low of $60.35 and a one year high of $71.82. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

Fidelity MSCI Health Care Index ETF Company 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.