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

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) reached a new 52-week high on Wednesday . The company traded as high as $76.51 and last traded at $76.8510, with a volume of 7876 shares traded. The stock had previously closed at $74.42.

Fidelity MSCI Health Care Index ETF Stock Up 1.0%

The firm has a market cap of $2.92 billion, a P/E ratio of 21.23 and a beta of 0.67. The business’s 50 day moving average is $73.47 and its 200-day moving average is $68.34.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors have recently modified their holdings of the stock. Rockland Trust Co. bought a new stake in Fidelity MSCI Health Care Index ETF in the third quarter valued at about $21,916,000. Altfest L J & Co. Inc. bought a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter worth approximately $19,395,000. Mercer Global Advisors Inc. ADV grew its position in shares of Fidelity MSCI Health Care Index ETF by 5,460.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock worth $17,845,000 after acquiring an additional 262,069 shares in the last quarter. AGF Management Ltd. grew its position in shares of Fidelity MSCI Health Care Index ETF by 28.5% in the 2nd quarter. AGF Management Ltd. now owns 756,389 shares of the company’s stock worth $48,371,000 after acquiring an additional 167,956 shares in the last quarter. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 1,765.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 163,676 shares of the company’s stock valued at $10,982,000 after acquiring an additional 154,902 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.