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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares hit a new 52-week high during trading on Monday . The company traded as high as $81.39 and last traded at $81.18, with a volume of 16451 shares changing hands. The stock had previously closed at $80.67.

Fidelity MSCI Health Care Index ETF Stock Performance

The stock has a market capitalization of $3.40 billion, a P/E ratio of 21.23 and a beta of 0.59. The company’s fifty day simple moving average is $77.11 and its two-hundred day simple moving average is $73.92.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in FHLC. Franklin Resources Inc. acquired a new stake in Fidelity MSCI Health Care Index ETF during the 4th quarter worth approximately $26,000. Meramec Financial Planners LLC grew its holdings in Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after buying an additional 156 shares in the last quarter. Russell Investments Group Ltd. increased its position in Fidelity MSCI Health Care Index ETF by 1,105.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 470 shares of the company’s stock worth $31,000 after buying an additional 431 shares during the period. IFC & Insurance Marketing Inc. bought a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $34,000. Finally, Advocate Investing Services LLC bought a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $37,000.

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.