Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 52-Week High – Time to Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high on Tuesday . The stock traded as high as $81.24 and last traded at $81.23, with a volume of 11766 shares. The stock had previously closed at $79.26.

Fidelity MSCI Health Care Index ETF Trading Up 2.3%

The company’s 50 day moving average price is $75.26 and its 200 day moving average price is $73.57. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 21.23 and a beta of 0.60.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter valued at $26,000. Meramec Financial Planners LLC raised 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 valued at $28,000 after purchasing an additional 156 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in shares of Fidelity MSCI Health Care Index ETF during the 4th quarter valued at about $34,000. Russell Investments Group Ltd. lifted its position in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% during the third 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. Finally, Advocate Investing Services LLC purchased a new position in Fidelity MSCI Health Care Index ETF in the 4th quarter valued at about $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.