iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report)’s share price hit a new 52-week high on Wednesday. The company traded as high as $79.20 and last traded at $78.6010, with a volume of 93,246 shares traded. The stock had previously closed at $77.30.
iShares U.S. Healthcare ETF Trading Down 2.8%
The company has a 50-day moving average price of $73.07 and a two-hundred day moving average price of $67.05. The stock has a market capitalization of $4.63 billion, a P/E ratio of 33.46 and a beta of 0.55.
Institutional Investors Weigh In On iShares U.S. Healthcare ETF
A number of hedge funds have recently added to or reduced their stakes in IYH. CENTRAL TRUST Co purchased a new stake in iShares U.S. Healthcare ETF during the third quarter worth about $92,000. Fifth Third Bancorp boosted its stake in iShares U.S. Healthcare ETF by 10.2% in the third quarter. Fifth Third Bancorp now owns 9,040 shares of the company’s stock valued at $647,000 after acquiring an additional 837 shares during the last quarter. Endeavor Private Wealth Inc. boosted its stake in iShares U.S. Healthcare ETF by 9.3% in the third quarter. Endeavor Private Wealth Inc. now owns 4,284 shares of the company’s stock valued at $307,000 after acquiring an additional 365 shares during the last quarter. Advisor Resource Council grew its position in shares of iShares U.S. Healthcare ETF by 42.0% during the 3rd quarter. Advisor Resource Council now owns 9,942 shares of the company’s stock valued at $705,000 after acquiring an additional 2,939 shares during the period. Finally, Jacobi Capital Management LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 3rd quarter valued at approximately $119,000.
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.
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