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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw strong trading volume on Wednesday. Approximately 1,147,440 shares changed hands during trading, an increase of 440% from the previous session’s volume of 212,683 shares. The stock last traded at $82.2250 and had previously closed at $82.63.

Fidelity MSCI Health Care Index ETF Trading Down 0.5%

The firm’s 50-day moving average is $81.69 and its 200-day moving average is $75.87. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 21.23 and a beta of 0.60.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Meramec Financial Planners LLC grew its holdings 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 last quarter. Partnership Wealth Management LLC raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.1% in the 2nd quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock worth $414,000 after acquiring an additional 162 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Fidelity MSCI Health Care Index ETF by 0.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,692 shares of the company’s stock valued at $2,680,000 after acquiring an additional 188 shares in the last quarter. Signature Wealth Management Partners LLC lifted its position in Fidelity MSCI Health Care Index ETF by 1.8% in the 1st quarter. Signature Wealth Management Partners LLC now owns 10,909 shares of the company’s stock valued at $768,000 after acquiring an additional 190 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its stake in Fidelity MSCI Health Care Index ETF by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 9,398 shares of the company’s stock valued at $661,000 after purchasing an additional 301 shares during 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.