Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 1-Year High – Still a Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $71.41 and last traded at $71.6330, with a volume of 21175 shares changing hands. The stock had previously closed at $70.82.

Fidelity MSCI Health Care Index ETF Trading Up 1.3%

The company’s 50 day moving average is $67.94 and its 200-day moving average is $65.22. The company has a market capitalization of $2.68 billion, a P/E ratio of 21.23 and a beta of 0.67.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Hedge funds have recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Fidelity MSCI Health Care Index ETF in the 1st quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in Fidelity MSCI Health Care Index ETF during the second quarter valued at approximately $26,000. IMG Wealth Management Inc. bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the 2nd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter worth approximately $29,000. Finally, SYM FINANCIAL Corp purchased a new stake in Fidelity MSCI Health Care Index ETF during the 2nd quarter valued at $30,000.

Fidelity MSCI Health Care Index ETF Company Profile

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.