Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Hits New 1-Year High – Here’s What Happened

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $81.24 and last traded at $81.23, with a volume of 11766 shares. The stock had previously closed at $79.26.

Fidelity MSCI Health Care Index ETF Price Performance

The company has a fifty day moving average price of $75.26 and a 200 day moving average price of $73.57. The company has a market capitalization of $3.37 billion, a P/E ratio of 21.23 and a beta of 0.60.

Institutional Trading of Fidelity MSCI Health Care Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FHLC. Partnership Wealth Management LLC raised its holdings in Fidelity MSCI Health Care Index ETF by 3.1% during the 2nd quarter. Partnership Wealth Management LLC now owns 5,355 shares of the company’s stock worth $414,000 after buying an additional 162 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Fidelity MSCI Health Care Index ETF by 97.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,918 shares of the company’s stock valued at $534,000 after acquiring an additional 3,408 shares in the last quarter. World Equity Group Inc. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 2nd quarter valued at $348,000. Allied Private Wealth LLC bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter worth about $126,000. Finally, Crumly & Associates Inc. boosted its position in Fidelity MSCI Health Care Index ETF by 14.6% during the second quarter. Crumly & Associates Inc. now owns 11,467 shares of the company’s stock worth $886,000 after purchasing an additional 1,462 shares during the period.

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.