Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Strong Trading Volume – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw strong trading volume on Thursday . 140,526 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 184,811 shares.The stock last traded at $70.50 and had previously closed at $70.81.

Fidelity MSCI Health Care Index ETF Trading Down 0.5%

The company has a market cap of $2.82 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The firm’s fifty day moving average price is $72.26 and its 200-day moving average price is $72.83.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.0% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 278,946 shares of the company’s stock worth $18,653,000 after buying an additional 8,205 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in shares of Fidelity MSCI Health Care Index ETF during the third quarter worth about $19,395,000. Centerline Wealth Advisors LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 9.3% during the third quarter. Centerline Wealth Advisors LLC now owns 144,955 shares of the company’s stock worth $9,693,000 after buying an additional 12,343 shares in the last quarter. Buttonwood Financial Advisors Inc. grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 12.7% during the third quarter. Buttonwood Financial Advisors Inc. now owns 213,775 shares of the company’s stock worth $14,295,000 after buying an additional 24,045 shares in the last quarter. Finally, Weatherly Asset Management L. P. grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 5.2% during the third quarter. Weatherly Asset Management L. P. now owns 286,266 shares of the company’s stock worth $19,143,000 after buying an additional 14,171 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Company Profile

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.