Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 52-Week High – Still a Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $85.60 and last traded at $85.3740, with a volume of 64,203 shares changing hands. The stock had previously closed at $83.55.

Fidelity MSCI Health Care Index ETF Stock Performance

The stock has a 50-day simple moving average of $82.42 and a 200 day simple moving average of $76.91. The company has a market cap of $3.75 billion, a P/E ratio of 21.23 and a beta of 0.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tompkins Financial Corp bought a new position in Fidelity MSCI Health Care Index ETF in the third quarter worth $27,000. Meramec Financial Planners LLC increased its holdings in Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after buying an additional 156 shares during the period. Mather Group LLC. acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at $49,000. Bessemer Group Inc. acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the 1st quarter valued at $69,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at $107,000.

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.