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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares reached a new 52-week high on Wednesday . The company traded as high as $80.53 and last traded at $80.15, with a volume of 381910 shares trading hands. The stock had previously closed at $79.03.

Fidelity MSCI Health Care Index ETF Stock Performance

The company has a market cap of $3.30 billion, a P/E ratio of 21.23 and a beta of 0.60. The firm’s fifty day moving average is $73.33 and its two-hundred day moving average is $73.28.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several large investors have recently made changes to their positions in FHLC. Franklin Resources Inc. purchased a new stake in shares of Fidelity MSCI Health Care Index ETF during the fourth quarter worth about $26,000. Meramec Financial Planners LLC lifted its holdings in Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after purchasing an additional 156 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Fidelity MSCI Health Care Index ETF by 1,105.1% in 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 in the last quarter. IFC & Insurance Marketing Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $34,000. Finally, Advocate Investing Services LLC bought a new position in Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $37,000.

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.