Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 1-Year High – Still a Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares reached a new 52-week high during trading on Wednesday. The company traded as high as $86.37 and last traded at $86.30, with a volume of 183,499 shares changing hands. The stock had previously closed at $84.25.

Fidelity MSCI Health Care Index ETF Trading Up 1.2%

The firm has a fifty day simple moving average of $82.74 and a two-hundred day simple moving average of $77.40. The firm has a market cap of $3.86 billion, a PE ratio of 21.23 and a beta of 0.59.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds have recently made changes to their positions in the business. Tompkins Financial Corp purchased a new stake in Fidelity MSCI Health Care Index ETF in the third quarter worth $27,000. Meramec Financial Planners LLC boosted its holdings 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 valued at $28,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. bought a new stake in Fidelity MSCI Health Care Index ETF in the third quarter valued at $49,000. Bessemer Group Inc. bought a new stake in Fidelity MSCI Health Care Index ETF in the first quarter valued at $69,000. Finally, CoreCap Advisors LLC purchased a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at $107,000.

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.