Quantitative Strategies Inc. Cuts Position in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Quantitative Strategies Inc. reduced its stake in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 20.0% during the third quarter, Holdings Channel.com reports. The firm owned 97,305 shares of the company’s stock after selling 24,324 shares during the period. Fidelity MSCI Health Care Index ETF accounts for about 3.8% of Quantitative Strategies Inc.’s portfolio, making the stock its 10th biggest position. Quantitative Strategies Inc.’s holdings in Fidelity MSCI Health Care Index ETF were worth $7,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FHLC. Cetera Investment Advisers raised its stake in shares of Fidelity MSCI Health Care Index ETF by 247.7% during the first quarter. Cetera Investment Advisers now owns 191,130 shares of the company’s stock valued at $13,335,000 after purchasing an additional 136,165 shares in the last quarter. International Assets Investment Management LLC raised its position in Fidelity MSCI Health Care Index ETF by 6,003.1% in the third quarter. International Assets Investment Management LLC now owns 113,090 shares of the company’s stock worth $82,330,000 after acquiring an additional 111,237 shares in the last quarter. Harbour Investments Inc. raised its position 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 worth $42,845,000 after acquiring an additional 77,883 shares in the last quarter. Spinnaker Trust bought a new stake in Fidelity MSCI Health Care Index ETF in the second quarter worth about $4,331,000. Finally, CX Institutional bought a new stake in Fidelity MSCI Health Care Index ETF in the second quarter worth about $3,590,000.

Fidelity MSCI Health Care Index ETF Trading Down 0.6 %

Shares of FHLC opened at $70.72 on Friday. The business’s 50-day moving average price is $72.78 and its 200 day moving average price is $69.93. The stock has a market capitalization of $3.19 billion, a P/E ratio of 23.99 and a beta of 0.59. Fidelity MSCI Health Care Index ETF has a 1-year low of $57.32 and a 1-year high of $74.48.

About Fidelity MSCI Health Care Index ETF

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.