Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw unusually-high trading volume on Wednesday . Approximately 257,312 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 187,772 shares.The stock last traded at $71.55 and had previously closed at $71.80.

Fidelity MSCI Health Care Index ETF Trading Down 1.0%

The business’s 50 day moving average price is $72.66 and its two-hundred day moving average price is $72.72. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 7.3% in the 3rd quarter. Blair William & Co. IL now owns 2,020 shares of the company’s stock valued at $135,000 after purchasing an additional 137 shares in the last quarter. Roxbury Financial LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 0.6% in the 4th quarter. Roxbury Financial LLC now owns 24,646 shares of the company’s stock valued at $1,831,000 after purchasing an additional 147 shares in the last quarter. US Bancorp DE boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,333 shares of the company’s stock valued at $156,000 after purchasing an additional 147 shares in the last quarter. OneAscent Financial Services LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 3.5% in the 3rd quarter. OneAscent Financial Services LLC now owns 5,461 shares of the company’s stock valued at $365,000 after purchasing an additional 183 shares in the last quarter. Finally, American National Bank & Trust boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 1.8% in the 3rd quarter. American National Bank & Trust now owns 10,597 shares of the company’s stock valued at $709,000 after purchasing an additional 187 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.