Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 12-Month High – What’s Next?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high on Tuesday . The company traded as high as $82.67 and last traded at $82.43, with a volume of 27048 shares changing hands. The stock had previously closed at $81.29.

Fidelity MSCI Health Care Index ETF Price Performance

The firm’s fifty day moving average is $77.81 and its 200 day moving average is $74.09. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 21.23 and a beta of 0.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF during the 4th quarter valued at about $26,000. Meramec Financial Planners LLC grew its position in Fidelity MSCI Health Care Index ETF by 65.3% in the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after acquiring an additional 156 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after purchasing an additional 431 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at $34,000. Finally, Advocate Investing Services LLC bought a new stake in Fidelity MSCI Health Care Index ETF in the fourth quarter worth $37,000.

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.