Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 52-Week High – What’s Next?

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLCGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $81.39 and last traded at $81.18, with a volume of 16451 shares trading hands. The stock had previously closed at $80.67.

Fidelity MSCI Health Care Index ETF Price Performance

The stock has a market capitalization of $3.39 billion, a P/E ratio of 21.23 and a beta of 0.59. The firm’s 50 day moving average price is $76.68 and its 200 day moving average price is $73.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. purchased a new stake in Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $26,000. Meramec Financial Planners LLC increased its stake in shares of Fidelity MSCI Health Care Index ETF by 65.3% during the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after buying an additional 156 shares during the period. Russell Investments Group Ltd. raised its holdings 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 valued at $31,000 after acquiring an additional 431 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF during the fourth quarter valued at approximately $34,000. Finally, Advocate Investing Services LLC purchased a new stake in Fidelity MSCI Health Care Index ETF in the fourth quarter worth $37,000.

Fidelity MSCI Health Care Index ETF Company Profile

(Get Free Report)

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.

Further Reading

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