Kowal Investment Group LLC Decreases Stake in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Kowal Investment Group LLC reduced its holdings in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 6.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,557 shares of the company’s stock after selling 1,757 shares during the quarter. Kowal Investment Group LLC owned approximately 0.05% of Fidelity MSCI Health Care Index ETF worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in Fidelity MSCI Health Care Index ETF by 247.7% in the first quarter. Cetera Investment Advisers now owns 191,130 shares of the company’s stock worth $13,335,000 after acquiring an additional 136,165 shares during the period. Richard C. Young & CO. LTD. bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the 4th quarter worth approximately $6,770,000. Harbour Investments Inc. lifted its stake in Fidelity MSCI Health Care Index ETF by 14.2% in the second quarter. Harbour Investments Inc. now owns 624,569 shares of the company’s stock valued at $42,845,000 after purchasing an additional 77,883 shares during the last quarter. Spinnaker Trust purchased a new position in Fidelity MSCI Health Care Index ETF in the second quarter valued at approximately $4,331,000. Finally, CX Institutional bought a new position in Fidelity MSCI Health Care Index ETF during the second quarter valued at $3,590,000.

Fidelity MSCI Health Care Index ETF Price Performance

Shares of FHLC opened at $73.25 on Friday. Fidelity MSCI Health Care Index ETF has a 1 year low of $57.32 and a 1 year high of $74.48. The stock’s fifty day moving average price is $72.04 and its two-hundred day moving average price is $69.38. The firm has a market cap of $3.30 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.