Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Sees Unusually-High Trading Volume – What’s Next?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) shares saw strong trading volume on Friday . 587,129 shares changed hands during trading, an increase of 210% from the previous session’s volume of 189,658 shares.The stock last traded at $73.53 and had previously closed at $73.26.

Fidelity MSCI Health Care Index ETF Price Performance

The stock’s 50 day simple moving average is $70.83 and its two-hundred day simple moving average is $73.02. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 21.23 and a beta of 0.61.

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 company. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 42.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock valued at $203,453,000 after purchasing an additional 820,771 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 6.3% in the 1st quarter. Lido Advisors LLC now owns 2,160,071 shares of the company’s stock valued at $151,983,000 after purchasing an additional 127,325 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 4.6% in the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock valued at $50,144,000 after purchasing an additional 29,461 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 19.2% in the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock valued at $25,680,000 after purchasing an additional 55,673 shares in the last quarter. Finally, Rockland Trust Co. acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at $21,916,000.

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.