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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as $90.20 and last traded at $90.1810, with a volume of 294,022 shares traded. The stock had previously closed at $88.06.

Fidelity MSCI Health Care Index ETF Stock Performance

The company has a market capitalization of $4.03 billion, a PE ratio of 21.23 and a beta of 0.57. The business has a fifty day moving average price of $83.38 and a 200 day moving average price of $76.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FHLC. Allspring Global Investments Holdings LLC increased its stake in shares of Fidelity MSCI Health Care Index ETF by 80.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 937 shares of the company’s stock valued at $76,000 after purchasing an additional 418 shares during the period. Brighton Jones LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF during the third quarter worth approximately $265,000. StoneX Group Inc. acquired a new position in shares of Fidelity MSCI Health Care Index ETF during the third quarter worth approximately $338,000. Parallel Advisors LLC bought a new position in Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $80,000. Finally, Calamos Wealth Management LLC bought a new position in Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $367,000.

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.