Valmark Advisers Inc. Has $2.47 Million Stake in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Valmark Advisers Inc. lifted its stake in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,225 shares of the company’s stock after purchasing an additional 3,516 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity MSCI Health Care Index ETF were worth $2,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Yoder Wealth Management Inc. increased its holdings in shares of Fidelity MSCI Health Care Index ETF by 9.0% in the fourth quarter. Yoder Wealth Management Inc. now owns 45,332 shares of the company’s stock valued at $2,933,000 after purchasing an additional 3,724 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $1,677,000. Weatherly Asset Management L. P. grew its holdings in Fidelity MSCI Health Care Index ETF by 14.3% during the 4th quarter. Weatherly Asset Management L. P. now owns 187,195 shares of the company’s stock worth $12,110,000 after acquiring an additional 23,351 shares during the period. Beaumont Asset Management L.L.C. grew its holdings in Fidelity MSCI Health Care Index ETF by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 35,601 shares of the company’s stock worth $2,303,000 after acquiring an additional 549 shares during the period. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Fidelity MSCI Health Care Index ETF during the 4th quarter worth $623,000.

Fidelity MSCI Health Care Index ETF Stock Performance

FHLC traded up $0.10 during trading on Friday, reaching $65.87. 80,817 shares of the company’s stock were exchanged, compared to its average volume of 149,451. The company’s fifty day moving average price is $68.04 and its 200-day moving average price is $64.88. Fidelity MSCI Health Care Index ETF has a fifty-two week low of $57.32 and a fifty-two week high of $70.01. The firm has a market capitalization of $2.96 billion, a PE ratio of 23.67 and a beta of 0.61.

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.