Rialto Wealth Management LLC Decreases Stock Holdings in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Rialto Wealth Management LLC trimmed its stake in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 18.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,042 shares of the company’s stock after selling 700 shares during the period. Rialto Wealth Management LLC’s holdings in Fidelity MSCI Health Care Index ETF were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JFS Wealth Advisors LLC bought a new stake in Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $25,000. Asset Planning Inc bought a new stake in Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. bought a new stake in Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $41,000. Global Retirement Partners LLC grew its position in Fidelity MSCI Health Care Index ETF by 192.2% during the fourth quarter. Global Retirement Partners LLC now owns 634 shares of the company’s stock valued at $41,000 after buying an additional 417 shares during the period. Finally, Assetmark Inc. grew its position in Fidelity MSCI Health Care Index ETF by 141.7% during the fourth quarter. Assetmark Inc. now owns 771 shares of the company’s stock valued at $50,000 after buying an additional 452 shares during the period.

Fidelity MSCI Health Care Index ETF Price Performance

FHLC opened at $62.92 on Tuesday. The firm has a market cap of $2.44 billion, a P/E ratio of 24.22 and a beta of 0.70. Fidelity MSCI Health Care Index ETF has a 1-year low of $60.35 and a 1-year high of $74.48. The company has a 50 day simple moving average of $63.88 and a two-hundred day simple moving average of $66.73.

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.