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 an uptick in trading volume on Monday . 167,295 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 148,708 shares.The stock last traded at $62.92 and had previously closed at $62.75.

Fidelity MSCI Health Care Index ETF Stock Up 1.3%

The company has a market cap of $2.42 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67. The firm has a 50 day moving average price of $63.43 and a two-hundred day moving average price of $66.15.

Institutional Trading of Fidelity MSCI Health Care Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FHLC. Demars Financial Group LLC boosted its stake in shares of Fidelity MSCI Health Care Index ETF by 5,780.9% in the 4th quarter. Demars Financial Group LLC now owns 557,330 shares of the company’s stock valued at $36,422,000 after purchasing an additional 547,853 shares during the last quarter. Raymond James Financial Inc. bought a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter worth $12,904,000. Independence Financial Advisors LLC acquired a new position in Fidelity MSCI Health Care Index ETF in the first quarter valued at $9,611,000. LPL Financial LLC boosted its position in Fidelity MSCI Health Care Index ETF by 35.2% during the fourth quarter. LPL Financial LLC now owns 517,910 shares of the company’s stock valued at $33,845,000 after acquiring an additional 134,889 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Fidelity MSCI Health Care Index ETF by 1,276.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,807 shares of the company’s stock worth $7,570,000 after acquiring an additional 102,757 shares during the period.

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.