Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Hits New 52-Week High – Time to Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $82.67 and last traded at $82.43, with a volume of 27048 shares traded. The stock had previously closed at $81.29.

Fidelity MSCI Health Care Index ETF Stock Up 1.3%

The business has a 50-day simple moving average of $77.81 and a two-hundred day simple moving average of $74.09. The stock has a market capitalization of $3.43 billion, a P/E ratio of 21.23 and a beta of 0.59.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

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

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.