iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 52-Week High – Here’s What Happened

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high on Friday . The company traded as high as $67.73 and last traded at $67.64, with a volume of 875837 shares traded. The stock had previously closed at $65.66.

iShares U.S. Healthcare ETF Trading Up 3.0%

The firm’s fifty day moving average price is $62.42 and its 200-day moving average price is $63.72. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 21.05 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IYH. Simplex Trading LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth about $28,000. Quadrant Capital Group LLC acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter worth approximately $29,000. Investment Counsel Co. of Nevada bought a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at approximately $34,000. Bayban bought a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at approximately $42,000. Finally, Entrust Financial LLC bought a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at approximately $50,000.

About iShares U.S. Healthcare ETF

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.