Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. cut its holdings in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,996 shares of the company’s stock after selling 12,471 shares during the period. Fidelity MSCI Health Care Index ETF comprises about 1.0% of Traynor Capital Management Inc.’s holdings, making the stock its 17th largest position. Traynor Capital Management Inc. owned 0.32% of Fidelity MSCI Health Care Index ETF worth $10,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FHLC. JPMorgan Chase & Co. raised its stake in Fidelity MSCI Health Care Index ETF by 0.5% in the first quarter. JPMorgan Chase & Co. now owns 46,435 shares of the company’s stock valued at $3,048,000 after buying an additional 231 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 14.2% during the first quarter. Cetera Advisor Networks LLC now owns 6,764 shares of the company’s stock worth $444,000 after purchasing an additional 842 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 53.3% during the first quarter. Sequoia Financial Advisors LLC now owns 7,742 shares of the company’s stock worth $508,000 after purchasing an additional 2,693 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Fidelity MSCI Health Care Index ETF by 1.5% during the first quarter. NewEdge Advisors LLC now owns 38,247 shares of the company’s stock worth $2,511,000 after purchasing an additional 548 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Fidelity MSCI Health Care Index ETF by 148.0% during the first quarter. Prudential Financial Inc. now owns 14,142 shares of the company’s stock worth $929,000 after purchasing an additional 8,439 shares in the last quarter.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of FHLC traded up $0.10 during midday trading on Thursday, reaching $69.81. 1,732,415 shares of the stock were exchanged, compared to its average volume of 159,941. The business’s 50-day moving average price is $68.16 and its 200 day moving average price is $64.11. Fidelity MSCI Health Care Index ETF has a twelve month low of $57.32 and a twelve month high of $70.01. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 21.70 and a beta of 0.72.

Fidelity MSCI Health Care Index ETF 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.