Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 1-Year High – Should You Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high on Thursday . The company traded as high as $76.38 and last traded at $76.20, with a volume of 314247 shares trading hands. The stock had previously closed at $76.29.

Fidelity MSCI Health Care Index ETF Stock Down 0.5%

The firm has a market capitalization of $2.83 billion, a P/E ratio of 21.23 and a beta of 0.67. The firm’s 50-day simple moving average is $70.19 and its 200-day simple moving average is $66.15.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FHLC. Brooklyn Investment Group bought a new stake in Fidelity MSCI Health Care Index ETF during the first quarter worth about $26,000. IMG Wealth Management Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc bought a new stake in Fidelity MSCI Health Care Index ETF in the 2nd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Fidelity MSCI Health Care Index ETF in the third quarter worth approximately $29,000. Finally, SYM FINANCIAL Corp purchased a new stake in Fidelity MSCI Health Care Index ETF in the second quarter worth approximately $30,000.

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.