Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Strong Trading Volume – Should You Buy?

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw unusually-high trading volume on Friday . Approximately 587,129 shares were traded during mid-day trading, an increase of 210% from the previous session’s volume of 189,658 shares.The stock last traded at $73.53 and had previously closed at $73.26.

Fidelity MSCI Health Care Index ETF Trading Up 0.2%

The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.23 and a beta of 0.61. The firm’s 50-day moving average is $70.76 and its 200 day moving average is $73.02.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

A number of hedge funds have recently modified their holdings of FHLC. Charles Schwab Investment Management Inc. increased its holdings in Fidelity MSCI Health Care Index ETF by 42.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after purchasing an additional 820,771 shares during the period. Rockland Trust Co. acquired a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter worth about $21,916,000. Mercer Global Advisors Inc. ADV grew its position in shares of Fidelity MSCI Health Care Index ETF by 5,460.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock valued at $17,845,000 after buying an additional 262,069 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Fidelity MSCI Health Care Index ETF by 7.4% in the third quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock valued at $136,167,000 after buying an additional 141,132 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of 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 buying an additional 102,757 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.