Robertson Stephens Wealth Management LLC Invests $760,000 in Fidelity MSCI Health Care Index ETF $FHLC

Robertson Stephens Wealth Management LLC purchased a new position in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,232 shares of the company’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FHLC. Rockland Trust Co. purchased a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter worth $21,916,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Fidelity MSCI Health Care Index ETF by 5,460.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock worth $17,845,000 after purchasing an additional 262,069 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in shares of Fidelity MSCI Health Care Index ETF by 1,765.5% during the 3rd quarter. Strengthening Families & Communities LLC now owns 163,676 shares of the company’s stock worth $10,982,000 after purchasing an additional 154,902 shares during the last quarter. AGF Management Ltd. lifted its stake in shares of Fidelity MSCI Health Care Index ETF by 20.0% during the 3rd quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock worth $60,674,000 after purchasing an additional 150,947 shares during the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of Fidelity MSCI Health Care Index ETF by 7.4% during the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after purchasing an additional 141,132 shares during the last quarter.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of NYSEARCA FHLC opened at $70.11 on Monday. The stock has a market capitalization of $2.85 billion, a P/E ratio of 21.23 and a beta of 0.62. Fidelity MSCI Health Care Index ETF has a 1-year low of $60.35 and a 1-year high of $77.10. The business has a fifty day moving average price of $71.65 and a 200 day moving average price of $72.90.

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.