Rialto Wealth Management LLC Invests $245,000 in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Rialto Wealth Management LLC bought a new stake in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,742 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds have also recently made changes to their positions in FHLC. MAI Capital Management boosted its holdings in shares of Fidelity MSCI Health Care Index ETF by 1.2% in the 3rd quarter. MAI Capital Management now owns 15,110 shares of the company’s stock valued at $1,100,000 after acquiring an additional 177 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Fidelity MSCI Health Care Index ETF by 2.5% in the fourth quarter. Avior Wealth Management LLC now owns 7,279 shares of the company’s stock valued at $476,000 after purchasing an additional 177 shares during the last quarter. World Investment Advisors LLC grew its position in Fidelity MSCI Health Care Index ETF by 2.5% during the 3rd quarter. World Investment Advisors LLC now owns 7,768 shares of the company’s stock worth $565,000 after purchasing an additional 192 shares during the period. Soltis Investment Advisors LLC raised its stake in shares of Fidelity MSCI Health Care Index ETF by 3.5% during the 3rd quarter. Soltis Investment Advisors LLC now owns 6,118 shares of the company’s stock valued at $445,000 after buying an additional 208 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Fidelity MSCI Health Care Index ETF by 3.2% in the 4th quarter. Wealthspire Advisors LLC now owns 7,528 shares of the company’s stock valued at $492,000 after buying an additional 235 shares during the period.

Fidelity MSCI Health Care Index ETF Stock Up 0.1 %

Shares of FHLC opened at $70.00 on Friday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 30.60 and a beta of 0.71. Fidelity MSCI Health Care Index ETF has a 52 week low of $64.72 and a 52 week high of $74.48. The stock’s 50-day moving average price is $68.45 and its 200-day moving average price is $69.94.

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.