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

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $78.61 and last traded at $78.61, with a volume of 18951 shares. The stock had previously closed at $77.70.

Fidelity MSCI Health Care Index ETF Stock Performance

The company has a fifty day simple moving average of $72.56 and a two-hundred day simple moving average of $73.14. The company has a market cap of $3.30 billion, a PE ratio of 21.23 and a beta of 0.60.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity MSCI Health Care Index ETF by 42.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock worth $203,453,000 after buying an additional 820,771 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Fidelity MSCI Health Care Index ETF by 5,460.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 266,868 shares of the company’s stock worth $17,845,000 after acquiring an additional 262,069 shares during the last quarter. Lido Advisors LLC grew its holdings in Fidelity MSCI Health Care Index ETF by 7.4% during the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after acquiring an additional 141,132 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Fidelity MSCI Health Care Index ETF by 1,276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock worth $7,570,000 after acquiring an additional 102,757 shares in the last quarter. Finally, Q3 Asset Management acquired a new position in Fidelity MSCI Health Care Index ETF during the 4th quarter worth approximately $6,304,000.

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.