Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Strong Trading Volume – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw an uptick in trading volume on Thursday . 140,526 shares were traded during trading, a decline of 24% from the previous session’s volume of 184,811 shares.The stock last traded at $70.50 and had previously closed at $70.81.

Fidelity MSCI Health Care Index ETF Price Performance

The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The firm has a 50 day moving average price of $72.26 and a 200-day moving average price of $72.83.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter valued at about $26,000. Cullen Frost Bankers Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the third quarter valued at about $29,000. Russell Investments Group Ltd. lifted its stake in Fidelity MSCI Health Care Index ETF by 1,105.1% in the third quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after buying an additional 431 shares during the period. Root Financial Partners LLC acquired a new position in Fidelity MSCI Health Care Index ETF in the third quarter valued at about $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter valued at about $34,000.

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.