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

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $85.60 and last traded at $85.3740, with a volume of 64,203 shares trading hands. The stock had previously closed at $83.55.

Fidelity MSCI Health Care Index ETF Price Performance

The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 21.23 and a beta of 0.59. The business’s 50-day moving average price is $82.24 and its 200 day moving average price is $76.74.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds have recently bought and sold shares of the business. Lido Advisors LLC lifted its holdings in Fidelity MSCI Health Care Index ETF by 6.3% in the first quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock worth $151,983,000 after acquiring an additional 127,325 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 70.7% during the second quarter. Envestnet Asset Management Inc. now owns 569,997 shares of the company’s stock valued at $44,032,000 after purchasing an additional 236,054 shares during the last quarter. Weatherly Asset Management L. P. raised its position in shares of Fidelity MSCI Health Care Index ETF by 2.9% during the 1st quarter. Weatherly Asset Management L. P. now owns 306,475 shares of the company’s stock worth $21,564,000 after purchasing an additional 8,602 shares during the period. Kestra Advisory Services LLC raised its position in shares of Fidelity MSCI Health Care Index ETF by 9.1% during the 1st quarter. Kestra Advisory Services LLC now owns 287,946 shares of the company’s stock worth $20,260,000 after purchasing an additional 23,903 shares during the period. Finally, Investors Research Corp bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $16,604,000.

Fidelity MSCI Health Care Index ETF Company Profile

(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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