Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Hits New 1-Year High – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLCGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $80.53 and last traded at $80.15, with a volume of 381910 shares trading hands. The stock had previously closed at $79.03.

Fidelity MSCI Health Care Index ETF Stock Up 1.4%

The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 21.23 and a beta of 0.60. The company’s 50-day moving average price is $72.94 and its 200-day moving average price is $73.21.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors have recently bought and sold shares of FHLC. Franklin Resources Inc. acquired a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter worth $26,000. Meramec Financial Planners LLC grew its stake in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after purchasing an additional 156 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Fidelity MSCI Health Care Index ETF by 1,105.1% in the third quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after buying an additional 431 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at about $34,000. Finally, Advocate Investing Services LLC purchased a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter valued at approximately $37,000.

About Fidelity MSCI Health Care Index ETF

(Get Free Report)

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.

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