Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Strong Trading Volume – What’s Next?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw an uptick in trading volume on Tuesday. Approximately 689,562 shares traded hands during mid-day trading, an increase of 221% from the average daily volume of 214,715 shares. The stock last traded at $88.4670 and had previously closed at $88.24.

Fidelity MSCI Health Care Index ETF Price Performance

The stock has a fifty day moving average price of $83.31 and a two-hundred day moving average price of $76.66. The company has a market cap of $3.94 billion, a P/E ratio of 21.23 and a beta of 0.59.

Institutional Trading of Fidelity MSCI Health Care Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new position in Fidelity MSCI Health Care Index ETF in the 3rd quarter worth about $80,000. Calamos Wealth Management LLC bought a new position in Fidelity MSCI Health Care Index ETF during the third quarter valued at about $367,000. Monte Financial Group LLC bought a new stake in Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at $589,000. Kestra Advisory Services LLC acquired a new stake in Fidelity MSCI Health Care Index ETF during the third quarter valued at approximately $24,032,000. Finally, Commonwealth Equity Services LLC bought a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at about $15,174,000.

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.