Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Large Volume Increase – Here’s Why

Shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC – Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 689,562 shares traded hands during mid-day trading, an increase of 221% from the average daily volume of 214,715 shares. The stock last traded at $88.4670 and had previously closed at $88.24.

Fidelity MSCI Health Care Index ETF Stock Up 0.3%

The business has a 50 day moving average price of $83.31 and a 200 day moving average price of $76.66. The stock has a market cap of $3.94 billion, a P/E ratio of 21.23 and a beta of 0.59.

Hedge Funds Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter valued at $80,000. Calamos Wealth Management LLC purchased a new position in Fidelity MSCI Health Care Index ETF during the 3rd quarter worth $367,000. Monte Financial Group LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF during the 3rd quarter worth $589,000. Kestra Advisory Services LLC acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter valued at approximately $24,032,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter valued at $15,174,000.

Fidelity MSCI Health Care Index ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Fidelity MSCI Health Care Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity MSCI Health Care Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.