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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) shares reached a new 52-week high during trading on Thursday. The stock traded as high as $85.60 and last traded at $85.3740, with a volume of 64,203 shares changing hands. The stock had previously closed at $83.55.

Fidelity MSCI Health Care Index ETF Stock Performance

The firm has a 50 day simple moving average of $82.24 and a two-hundred day simple moving average of $76.74. The stock has a market cap of $3.61 billion, a P/E ratio of 21.23 and a beta of 0.59.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Health Care Index ETF by 70.7% in the second quarter. Envestnet Asset Management Inc. now owns 569,997 shares of the company’s stock worth $44,032,000 after purchasing an additional 236,054 shares during the period. Investors Research Corp bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter worth about $16,604,000. Marotta Asset Management bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter worth about $15,503,000. Lido Advisors LLC lifted its stake in shares of Fidelity MSCI Health Care Index ETF by 6.3% in the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock worth $151,983,000 after acquiring an additional 127,325 shares during the period. Finally, Maltin Wealth Management Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $5,067,000.

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.

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