Mission Wealth Management LP Cuts Stock Position in Fidelity MSCI Health Care Index ETF $FHLC

Mission Wealth Management LP reduced its position in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 60.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,454 shares of the company’s stock after selling 17,254 shares during the period. Mission Wealth Management LP’s holdings in Fidelity MSCI Health Care Index ETF were worth $766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FHLC. Altfest L J & Co. Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter valued at approximately $19,395,000. AGF Management Ltd. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 28.5% during the 2nd quarter. AGF Management Ltd. now owns 756,389 shares of the company’s stock worth $48,371,000 after purchasing an additional 167,956 shares during the period. Modern Wealth Management LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 372.0% in the 2nd quarter. Modern Wealth Management LLC now owns 134,650 shares of the company’s stock valued at $8,611,000 after buying an additional 106,124 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Fidelity MSCI Health Care Index ETF by 1,276.5% during the first quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock worth $7,570,000 after purchasing an additional 102,757 shares in the last quarter. Finally, Bright Rock Capital Management LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the third quarter worth $6,687,000.

Fidelity MSCI Health Care Index ETF Trading Up 0.8%

Shares of FHLC opened at $74.51 on Thursday. The firm’s fifty day simple moving average is $74.74 and its 200-day simple moving average is $69.96. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. Fidelity MSCI Health Care Index ETF has a twelve month low of $60.35 and a twelve month high of $77.10.

Fidelity MSCI Health Care Index ETF Profile

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.