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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) reached a new 52-week high during trading on Wednesday. The company traded as high as $90.20 and last traded at $90.1810, with a volume of 294,022 shares trading hands. The stock had previously closed at $88.06.

Fidelity MSCI Health Care Index ETF Stock Performance

The company’s fifty day moving average price is $83.38 and its two-hundred day moving average price is $76.72. The firm has a market capitalization of $4.03 billion, a PE ratio of 21.23 and a beta of 0.57.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of large investors have recently bought and sold shares of the stock. Tompkins Financial Corp purchased a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at $27,000. Signature Equity Partners LLC purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth $31,000. Mather Group LLC. purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth $49,000. Bessemer Group Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 1st quarter worth $69,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Fidelity MSCI Health Care Index ETF by 80.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 937 shares of the company’s stock worth $76,000 after buying an additional 418 shares during the period.

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.