Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Volume Increase – Should You Buy?

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw strong trading volume on Thursday . Approximately 1,550,455 shares were traded during mid-day trading, an increase of 684% from the previous session’s volume of 197,783 shares.The stock last traded at $80.6040 and had previously closed at $80.97.

Fidelity MSCI Health Care Index ETF Price Performance

The firm has a 50 day moving average of $80.81 and a 200-day moving average of $75.16. The stock has a market capitalization of $3.36 billion, a P/E ratio of 21.23 and a beta of 0.60.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at $26,000. Meramec Financial Planners LLC increased its position in Fidelity MSCI Health Care Index ETF by 65.3% in the first quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock worth $28,000 after purchasing an additional 156 shares during the period. IFC & Insurance Marketing Inc. acquired a new stake in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $34,000. Russell Investments Group Ltd. increased its stake in shares of Fidelity MSCI Health Care Index ETF by 1,105.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock valued at $31,000 after acquiring an additional 431 shares during the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter valued at $37,000.

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.