Eldridge Investment Advisors Inc. Raises Position in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Eldridge Investment Advisors Inc. increased its position in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 211.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,868 shares of the company’s stock after purchasing an additional 18,928 shares during the period. Eldridge Investment Advisors Inc. owned approximately 0.06% of Fidelity MSCI Health Care Index ETF worth $1,803,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $12,459,000. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Health Care Index ETF by 50.8% in the third quarter. Envestnet Asset Management Inc. now owns 565,455 shares of the company’s stock valued at $34,255,000 after purchasing an additional 190,406 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter valued at $7,756,000. Aprio Wealth Management LLC purchased a new position in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter valued at $7,183,000. Finally, Lido Advisors LLC raised its stake in shares of Fidelity MSCI Health Care Index ETF by 4.8% during the 3rd quarter. Lido Advisors LLC now owns 1,676,610 shares of the company’s stock worth $101,569,000 after buying an additional 76,813 shares during the last quarter.

Fidelity MSCI Health Care Index ETF Stock Performance

NYSEARCA FHLC traded down $0.03 during trading hours on Thursday, reaching $66.31. The company’s stock had a trading volume of 49,650 shares, compared to its average volume of 146,770. The company’s 50-day moving average is $67.89 and its two-hundred day moving average is $65.02. 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 stock has a market cap of $2.99 billion, a PE ratio of 23.99 and a beta of 0.59.

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.