Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 52-Week High – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s stock price hit a new 52-week high on Thursday . The company traded as high as $78.61 and last traded at $78.61, with a volume of 18951 shares traded. The stock had previously closed at $77.70.

Fidelity MSCI Health Care Index ETF Stock Performance

The business has a fifty day moving average of $72.21 and a 200-day moving average of $73.06. The company has a market capitalization of $3.27 billion, a P/E ratio of 21.23 and a beta of 0.60.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 66.8% during the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock valued at $3,936,000 after buying an additional 23,077 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 1,276.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock worth $7,570,000 after acquiring an additional 102,757 shares during the last quarter. Jane Street Group LLC lifted its position in Fidelity MSCI Health Care Index ETF by 747.8% in the 1st quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock valued at $2,185,000 after acquiring an additional 28,206 shares in the last quarter. Focus Partners Wealth lifted its position in Fidelity MSCI Health Care Index ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock valued at $452,000 after acquiring an additional 196 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at about $319,000.

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.