Exchange Capital Management Inc. Sells 1,495 Shares of Fidelity MSCI Health Care Index ETF $FHLC

Exchange Capital Management Inc. decreased its stake in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,599 shares of the company’s stock after selling 1,495 shares during the period. Exchange Capital Management Inc.’s holdings in Fidelity MSCI Health Care Index ETF were worth $3,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the 1st quarter worth approximately $344,000. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Health Care Index ETF by 104.3% during the first quarter. Envestnet Asset Management Inc. now owns 163,339 shares of the company’s stock worth $11,159,000 after acquiring an additional 83,396 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Fidelity MSCI Health Care Index ETF during the first quarter valued at $216,000. Johnson Investment Counsel Inc. bought a new position in Fidelity MSCI Health Care Index ETF in the first quarter valued at about $204,000. Finally, CX Institutional acquired a new stake in Fidelity MSCI Health Care Index ETF in the first quarter worth about $114,000.

Fidelity MSCI Health Care Index ETF Trading Down 0.1%

Fidelity MSCI Health Care Index ETF stock opened at $68.64 on Friday. The company has a market cap of $2.58 billion, a PE ratio of 21.23 and a beta of 0.72. Fidelity MSCI Health Care Index ETF has a 1 year low of $60.35 and a 1 year high of $73.16. The company’s 50-day moving average is $65.03 and its two-hundred day moving average is $64.49.

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.