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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.41 and last traded at $71.6330, with a volume of 21175 shares traded. The stock had previously closed at $70.82.

Fidelity MSCI Health Care Index ETF Trading Up 1.3%

The company has a 50-day moving average of $67.94 and a 200-day moving average of $65.22. The firm has a market capitalization of $2.68 billion, a P/E ratio of 21.23 and a beta of 0.67.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Large investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Fidelity MSCI Health Care Index ETF during the first quarter worth $26,000. IMG Wealth Management Inc. acquired a new position in Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the second quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Fidelity MSCI Health Care Index ETF in the third quarter worth $29,000. Finally, SYM FINANCIAL Corp purchased a new position in shares of Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at $30,000.

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.