Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sets New 12-Month High – Should You Buy?

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $76.51 and last traded at $76.8510, with a volume of 7876 shares changing hands. The stock had previously closed at $74.42.

Fidelity MSCI Health Care Index ETF Trading Down 1.0%

The business’s 50-day simple moving average is $73.74 and its two-hundred day simple moving average is $68.45. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. M. Kulyk & Associates LLC acquired a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter worth $356,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 5.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,797 shares of the company’s stock worth $2,110,000 after acquiring an additional 1,452 shares in the last quarter. Lynch & Associates IN raised its holdings in shares of Fidelity MSCI Health Care Index ETF by 2.6% in the 4th quarter. Lynch & Associates IN now owns 35,566 shares of the company’s stock worth $2,642,000 after acquiring an additional 917 shares during the last quarter. Marotta Asset Management lifted its position in Fidelity MSCI Health Care Index ETF by 3.8% in the 4th quarter. Marotta Asset Management now owns 153,847 shares of the company’s stock valued at $11,428,000 after acquiring an additional 5,620 shares in the last quarter. Finally, Investors Research Corp boosted its stake in Fidelity MSCI Health Care Index ETF by 3.7% during the 4th quarter. Investors Research Corp now owns 213,079 shares of the company’s stock valued at $15,828,000 after purchasing an additional 7,644 shares during the last quarter.

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.