Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 1-Year High – Time to Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $80.53 and last traded at $80.15, with a volume of 381910 shares trading hands. The stock had previously closed at $79.03.

Fidelity MSCI Health Care Index ETF Price Performance

The firm has a market cap of $3.33 billion, a PE ratio of 21.23 and a beta of 0.60. The company has a 50 day moving average price of $72.94 and a 200 day moving average price of $73.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FHLC. Royal Bank of Canada grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 66.8% during the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock worth $3,936,000 after buying an additional 23,077 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in 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 acquiring an additional 102,757 shares during the last quarter. Jane Street Group LLC grew its stake in Fidelity MSCI Health Care Index ETF by 747.8% in the 1st quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock worth $2,185,000 after acquiring an additional 28,206 shares during the period. Focus Partners Wealth raised its holdings in Fidelity MSCI Health Care Index ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock valued at $452,000 after acquiring an additional 196 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter worth $319,000.

Fidelity MSCI Health Care Index ETF Company 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.