Northwestern Mutual Wealth Management Co. Has $8.34 Million Stock Holdings in Fidelity MSCI Health Care Index ETF $FHLC

Northwestern Mutual Wealth Management Co. cut its stake in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 12.5% during the fourth quarter, Holdings Channel reports. The firm owned 112,213 shares of the company’s stock after selling 15,981 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Health Care Index ETF were worth $8,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its position in Fidelity MSCI Health Care Index ETF by 66.8% during the first quarter. Royal Bank of Canada now owns 57,609 shares of the company’s stock valued at $3,936,000 after buying an additional 23,077 shares during the period. Goldman Sachs Group Inc. grew its stake in Fidelity MSCI Health Care Index ETF by 1,276.5% in the first quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock valued at $7,570,000 after purchasing an additional 102,757 shares in the last quarter. Jane Street Group LLC grew its stake in Fidelity MSCI Health Care Index ETF by 747.8% in the first quarter. Jane Street Group LLC now owns 31,978 shares of the company’s stock valued at $2,185,000 after purchasing an additional 28,206 shares in the last quarter. Focus Partners Wealth grew its stake in Fidelity MSCI Health Care Index ETF by 3.1% in the first quarter. Focus Partners Wealth now owns 6,618 shares of the company’s stock valued at $452,000 after purchasing an additional 196 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Fidelity MSCI Health Care Index ETF in the second quarter valued at about $319,000.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of NYSEARCA FHLC opened at $72.17 on Friday. The business’s 50-day moving average price is $70.52 and its two-hundred day moving average price is $72.96. Fidelity MSCI Health Care Index ETF has a one year low of $61.11 and a one year high of $77.10. The company has a market capitalization of $2.93 billion, a P/E ratio of 21.23 and a beta of 0.62.

Fidelity MSCI Health Care Index ETF 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.