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 unusually-strong trading volume on Wednesday . Approximately 257,312 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 187,772 shares.The stock last traded at $71.55 and had previously closed at $71.80.

Fidelity MSCI Health Care Index ETF Trading Down 1.0%

The firm’s 50-day moving average is $72.66 and its 200 day moving average is $72.72. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.23 and a beta of 0.67.

Institutional Investors Weigh In On Fidelity MSCI Health Care Index ETF

Several hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in Fidelity MSCI Health Care Index ETF by 42.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,739,003 shares of the company’s stock worth $203,453,000 after buying an additional 820,771 shares during the period. Lido Advisors LLC boosted its position in Fidelity MSCI Health Care Index ETF by 7.4% during the 3rd quarter. Lido Advisors LLC now owns 2,036,294 shares of the company’s stock worth $136,167,000 after buying an additional 141,132 shares during the period. AGF Management Ltd. boosted its position in Fidelity MSCI Health Care Index ETF by 20.0% during the 3rd quarter. AGF Management Ltd. now owns 907,336 shares of the company’s stock worth $60,674,000 after buying an additional 150,947 shares during the period. LPL Financial LLC boosted its position in Fidelity MSCI Health Care Index ETF by 4.6% during the 4th quarter. LPL Financial LLC now owns 675,065 shares of the company’s stock worth $50,144,000 after buying an additional 29,461 shares during the period. Finally, Altfest L J & Co. Inc. boosted its position in Fidelity MSCI Health Care Index ETF by 19.2% during the 4th quarter. Altfest L J & Co. Inc. now owns 345,718 shares of the company’s stock worth $25,680,000 after buying an additional 55,673 shares during the period.

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.