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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $82.67 and last traded at $82.43, with a volume of 27048 shares traded. The stock had previously closed at $81.29.

Fidelity MSCI Health Care Index ETF Trading Up 3.4%

The stock’s 50-day moving average price is $78.21 and its 200-day moving average price is $74.23. The company has a market capitalization of $3.55 billion, a P/E ratio of 21.23 and a beta of 0.59.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Partnership Wealth Management LLC boosted its stake in Fidelity MSCI Health Care Index ETF by 3.1% in the second quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock valued at $414,000 after acquiring an additional 162 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Fidelity MSCI Health Care Index ETF by 97.1% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,918 shares of the company’s stock worth $534,000 after purchasing an additional 3,408 shares during the period. World Equity Group Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter worth approximately $348,000. Allied Private Wealth LLC acquired a new stake in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter worth approximately $126,000. Finally, Crumly & Associates Inc. lifted its holdings in shares of Fidelity MSCI Health Care Index ETF by 14.6% in the 2nd quarter. Crumly & Associates Inc. now owns 11,467 shares of the company’s stock worth $886,000 after purchasing an additional 1,462 shares during the last quarter.

About Fidelity MSCI Health Care Index ETF

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.