Truist Financial Corp Lowers Holdings in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Truist Financial Corp reduced its stake in shares of Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 15.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,604 shares of the company’s stock after selling 8,315 shares during the period. Truist Financial Corp’s holdings in Fidelity MSCI Health Care Index ETF were worth $2,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Ocean LLC purchased a new position in Fidelity MSCI Health Care Index ETF during the fourth quarter valued at $26,000. Capital Investment Advisory Services LLC grew its position in shares of Fidelity MSCI Health Care Index ETF by 876.6% during the third quarter. Capital Investment Advisory Services LLC now owns 625 shares of the company’s stock valued at $38,000 after purchasing an additional 561 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Fidelity MSCI Health Care Index ETF in the fourth quarter worth about $65,000. Blair William & Co. IL lifted its position in shares of Fidelity MSCI Health Care Index ETF by 32.8% in the third quarter. Blair William & Co. IL now owns 1,353 shares of the company’s stock worth $82,000 after buying an additional 334 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Fidelity MSCI Health Care Index ETF during the third quarter valued at approximately $106,000.

Fidelity MSCI Health Care Index ETF Price Performance

NYSEARCA:FHLC opened at $67.30 on Wednesday. The stock’s 50 day simple moving average is $67.67 and its two-hundred day simple moving average is $65.22. Fidelity MSCI Health Care Index ETF has a 1 year low of $57.32 and a 1 year high of $70.01. The company has a market cap of $3.03 billion, a price-to-earnings 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.