Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 1-Year High – Time to Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s stock price reached a new 52-week high on Wednesday. The stock traded as high as $90.20 and last traded at $90.1810, with a volume of 294,022 shares changing hands. The stock had previously closed at $88.06.

Fidelity MSCI Health Care Index ETF Trading Down 0.0%

The firm has a market capitalization of $3.93 billion, a P/E ratio of 21.23 and a beta of 0.57. The business’s fifty day moving average is $83.57 and its 200 day moving average is $76.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lido Advisors LLC boosted its position in Fidelity MSCI Health Care Index ETF by 6.3% during the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock worth $151,983,000 after acquiring an additional 127,325 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 70.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 569,997 shares of the company’s stock valued at $44,032,000 after purchasing an additional 236,054 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter worth approximately $24,032,000. Cetera Investment Advisers lifted its position in shares of Fidelity MSCI Health Care Index ETF by 4.4% in the first quarter. Cetera Investment Advisers now owns 215,250 shares of the company’s stock worth $15,145,000 after purchasing an additional 8,990 shares in the last quarter. Finally, Investors Research Corp purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter worth approximately $16,604,000.

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.