Fidelity MSCI Health Care Index ETF $FHLC Stock: Lido Advisors LLC Cuts Stake

Lido Advisors LLC trimmed its position in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,060,776 shares of the company’s stock after selling 30,336 shares during the quarter. Fidelity MSCI Health Care Index ETF comprises approximately 0.4% of Lido Advisors LLC’s holdings, making the stock its 24th biggest position. Lido Advisors LLC owned about 4.63% of Fidelity MSCI Health Care Index ETF worth $168,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Fidelity MSCI Health Care Index ETF by 70.7% in the second quarter. Envestnet Asset Management Inc. now owns 569,997 shares of the company’s stock worth $44,032,000 after purchasing an additional 236,054 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter worth $24,032,000. Investors Research Corp bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at $16,604,000. Marotta Asset Management bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at $15,503,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter valued at $15,174,000.

Fidelity MSCI Health Care Index ETF Stock Performance

FHLC opened at $90.20 on Wednesday. Fidelity MSCI Health Care Index ETF has a fifty-two week low of $68.46 and a fifty-two week high of $91.69. The firm’s fifty day moving average is $83.96 and its 200 day moving average is $77.07. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 32.29 and a beta of 0.57.

Fidelity MSCI Health Care Index ETF 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.