Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) saw unusually-strong trading volume on Friday . Approximately 587,129 shares were traded during trading, an increase of 210% from the previous session’s volume of 189,658 shares.The stock last traded at $73.53 and had previously closed at $73.26.

Fidelity MSCI Health Care Index ETF Trading Up 0.2%

The firm has a market capitalization of $2.98 billion, a P/E ratio of 21.23 and a beta of 0.61. The business has a 50-day moving average of $70.76 and a 200 day moving average of $73.02.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 820,771 shares during the period. Lido Advisors LLC grew its position in Fidelity MSCI Health Care Index ETF by 6.3% in the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock valued at $151,983,000 after purchasing an additional 127,325 shares during the period. LPL Financial LLC increased its stake in Fidelity MSCI Health Care Index ETF by 4.6% during the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock valued at $50,144,000 after purchasing an additional 29,461 shares in the last quarter. Altfest L J & Co. Inc. raised its holdings in Fidelity MSCI Health Care Index ETF by 19.2% during the fourth quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock worth $25,680,000 after buying an additional 55,673 shares during the last quarter. Finally, Rockland Trust Co. acquired a new position in Fidelity MSCI Health Care Index ETF during the third quarter worth $21,916,000.

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.