Traynor Capital Management Inc. Lowers Stock Holdings in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC)

Traynor Capital Management Inc. lowered its stake in Fidelity MSCI Health Care Index ETF (NYSEARCA:FHLC) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 142,250 shares of the company’s stock after selling 14,746 shares during the quarter. Fidelity MSCI Health Care Index ETF makes up 0.6% of Traynor Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Traynor Capital Management Inc.’s holdings in Fidelity MSCI Health Care Index ETF were worth $9,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of Fidelity MSCI Health Care Index ETF in the third quarter worth $38,000. Sugar Maple Asset Management LLC purchased a new position in Fidelity MSCI Health Care Index ETF in the fourth quarter worth about $44,000. US Bancorp DE purchased a new stake in shares of Fidelity MSCI Health Care Index ETF during the third quarter valued at approximately $55,000. Sweeney & Michel LLC bought a new position in Fidelity MSCI Health Care Index ETF in the 3rd quarter valued at approximately $200,000. Finally, Pallas Capital Advisors LLC raised its stake in shares of Fidelity MSCI Health Care Index ETF by 5.0% in the third quarter. Pallas Capital Advisors LLC now owns 3,253 shares of the company’s stock worth $230,000 after purchasing an additional 156 shares during the last quarter.

Fidelity MSCI Health Care Index ETF Stock Down 0.0 %

Shares of Fidelity MSCI Health Care Index ETF stock opened at $67.79 on Thursday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 23.99 and a beta of 0.59. Fidelity MSCI Health Care Index ETF has a twelve month low of $64.72 and a twelve month high of $74.48. The company’s 50 day moving average is $67.41 and its 200 day moving average is $70.17.

Fidelity MSCI Health Care Index ETF 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.