Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Volume Increase – Here’s Why

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw an uptick in trading volume on Tuesday. Approximately 689,562 shares were traded during mid-day trading, an increase of 221% from the average daily volume of 214,715 shares. The stock last traded at $88.4670 and had previously closed at $88.24.

Fidelity MSCI Health Care Index ETF Stock Down 2.8%

The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 21.23 and a beta of 0.57. The company has a fifty day moving average price of $83.57 and a two-hundred day moving average price of $76.86.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of FHLC. Fifth Third Securities Inc. increased its position in Fidelity MSCI Health Care Index ETF by 0.5% during the 3rd quarter. Fifth Third Securities Inc. now owns 22,632 shares of the company’s stock worth $1,849,000 after purchasing an additional 123 shares during the period. Smith Chas P & Associates PA Cpas raised its stake in shares of Fidelity MSCI Health Care Index ETF by 1.9% during the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 7,014 shares of the company’s stock worth $593,000 after buying an additional 130 shares in the last quarter. LongView Wealth Management lifted its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.4% in the 3rd quarter. LongView Wealth Management now owns 4,300 shares of the company’s stock valued at $351,000 after buying an additional 141 shares during the period. Partnership Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.1% in the 2nd quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock valued at $414,000 after buying an additional 162 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 0.5% in the second quarter. Integrated Wealth Concepts LLC now owns 34,692 shares of the company’s stock valued at $2,680,000 after buying an additional 188 shares in the last quarter.

About Fidelity MSCI Health Care Index ETF

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.