Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) Reaches New 12-Month High – Should You Buy?

Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) hit a new 52-week high on Thursday. The company traded as high as $88.74 and last traded at $88.3550, with a volume of 58,175 shares traded. The stock had previously closed at $86.60.

Fidelity MSCI Health Care Index ETF Stock Performance

The stock’s 50-day moving average is $83.24 and its 200 day moving average is $76.59. The firm has a market cap of $3.94 billion, a P/E ratio of 21.23 and a beta of 0.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FHLC. Tompkins Financial Corp bought a new position in shares of Fidelity MSCI Health Care Index ETF during the third quarter worth about $27,000. Signature Equity Partners LLC acquired a new stake in Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at approximately $31,000. Meramec Financial Planners LLC lifted its stake in Fidelity MSCI Health Care Index ETF by 65.3% in the 1st quarter. Meramec Financial Planners LLC now owns 395 shares of the company’s stock valued at $28,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. bought a new stake in Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at approximately $49,000. Finally, Bessemer Group Inc. acquired a new position in Fidelity MSCI Health Care Index ETF during the 1st quarter worth approximately $69,000.

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.