Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Strong Trading Volume – Here’s What Happened

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw unusually-high trading volume on Wednesday . Approximately 808,417 shares changed hands during mid-day trading, an increase of 393% from the previous session’s volume of 163,813 shares.The stock last traded at $70.0030 and had previously closed at $69.81.

Fidelity MSCI Health Care Index ETF Trading Up 0.2%

The company has a market capitalization of $2.62 billion, a P/E ratio of 21.23 and a beta of 0.67. The company’s 50 day moving average is $67.84 and its 200-day moving average is $65.15.

Institutional Trading of Fidelity MSCI Health Care Index ETF

A number of hedge funds have recently made changes to their positions in FHLC. Brooklyn Investment Group purchased a new position in Fidelity MSCI Health Care Index ETF during the first quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in shares of Fidelity MSCI Health Care Index ETF during the second quarter valued at $26,000. IMG Wealth Management Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF during the second quarter valued at $26,000. Private Trust Co. NA purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 1st quarter worth about $29,000. Finally, Cullen Frost Bankers Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the 3rd quarter worth about $29,000.

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.