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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $74.59 and last traded at $74.6340, with a volume of 49147 shares changing hands. The stock had previously closed at $72.59.

Fidelity MSCI Health Care Index ETF Price Performance

The stock has a market capitalization of $2.78 billion, a PE ratio of 21.23 and a beta of 0.67. The stock’s 50 day moving average is $69.03 and its two-hundred day moving average is $65.65.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FHLC. Blair William & Co. IL boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 7.3% during the third quarter. Blair William & Co. IL now owns 2,020 shares of the company’s stock worth $135,000 after buying an additional 137 shares during the period. US Bancorp DE grew its stake in Fidelity MSCI Health Care Index ETF by 6.7% in the 3rd quarter. US Bancorp DE now owns 2,333 shares of the company’s stock worth $156,000 after acquiring an additional 147 shares during the period. Fifth Third Securities Inc. increased its stake in Fidelity MSCI Health Care Index ETF by 0.7% in the second quarter. Fifth Third Securities Inc. now owns 24,363 shares of the company’s stock valued at $1,558,000 after purchasing an additional 169 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Fidelity MSCI Health Care Index ETF by 5.2% during the 2nd quarter. Brookstone Capital Management now owns 3,616 shares of the company’s stock valued at $231,000 after acquiring an additional 180 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its stake in Fidelity MSCI Health Care Index ETF by 3.5% during the third quarter. OneAscent Financial Services LLC now owns 5,461 shares of the company’s stock worth $365,000 after purchasing an additional 183 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.