iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Reaches New 12-Month High – Still a Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $57.87 and last traded at $57.75, with a volume of 84076 shares traded. The stock had previously closed at $56.87.

iShares U.S. Healthcare Providers ETF Trading Up 1.4%

The firm has a market capitalization of $1.22 billion, a P/E ratio of 15.41 and a beta of 0.72. The stock’s 50-day simple moving average is $51.72 and its 200-day simple moving average is $47.96.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. bought a new stake in iShares U.S. Healthcare Providers ETF during the third quarter worth $973,000. Cox Capital Mgt LLC purchased a new position in iShares U.S. Healthcare Providers ETF in the fourth quarter worth $740,000. Northland Securities Inc. bought a new position in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $572,000. UBS Group AG grew its stake in iShares U.S. Healthcare Providers ETF by 9.3% in the 4th quarter. UBS Group AG now owns 288,968 shares of the company’s stock valued at $13,854,000 after purchasing an additional 24,665 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter valued at $2,100,000.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.