Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Unusually-High Trading Volume

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw an uptick in trading volume on Monday . 377,390 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 136,853 shares.The stock last traded at $68.09 and had previously closed at $68.02.

Fidelity MSCI Health Care Index ETF Price Performance

The firm has a 50-day simple moving average of $68.11 and a 200 day simple moving average of $67.55. The company has a market capitalization of $3.11 billion, a PE ratio of 23.99 and a beta of 0.59.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FHLC. Almanack Investment Partners LLC. increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.9% in the 4th quarter. Almanack Investment Partners LLC. now owns 3,997 shares of the company’s stock valued at $259,000 after acquiring an additional 150 shares during the last quarter. Tandem Capital Management Corp ADV lifted its holdings in Fidelity MSCI Health Care Index ETF by 1.3% in the first quarter. Tandem Capital Management Corp ADV now owns 15,577 shares of the company’s stock worth $1,087,000 after acquiring an additional 200 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Fidelity MSCI Health Care Index ETF by 0.7% in the first quarter. J.W. Cole Advisors Inc. now owns 32,843 shares of the company’s stock valued at $2,292,000 after acquiring an additional 219 shares during the period. Charter Oak Capital Management LLC grew its holdings in shares of Fidelity MSCI Health Care Index ETF by 1.4% during the first quarter. Charter Oak Capital Management LLC now owns 20,532 shares of the company’s stock valued at $1,433,000 after purchasing an additional 281 shares during the last quarter. Finally, American National Bank raised its position in shares of Fidelity MSCI Health Care Index ETF by 160.0% during the 4th quarter. American National Bank now owns 598 shares of the company’s stock worth $39,000 after purchasing an additional 368 shares during the period.

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.