iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week High – What’s Next?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $61.16 and last traded at $60.6150, with a volume of 1,454,968 shares. The stock had previously closed at $59.41.

iShares U.S. Healthcare Providers ETF Price Performance

The stock’s fifty day moving average price is $57.48 and its 200-day moving average price is $51.85. The firm has a market cap of $1.46 billion, a PE ratio of 15.41 and a beta of 0.68.

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

A number of institutional investors and hedge funds have recently bought and sold shares of IHF. 10Elms LLP raised its position in shares of iShares U.S. Healthcare Providers ETF by 115.2% during the 3rd quarter. 10Elms LLP now owns 2,152 shares of the company’s stock valued at $118,000 after buying an additional 1,152 shares during the period. Financial Freedom LLC purchased a new position in iShares U.S. Healthcare Providers ETF in the third quarter worth approximately $139,000. Fifth Third Bancorp grew its position in iShares U.S. Healthcare Providers ETF by 110.2% in the third quarter. Fifth Third Bancorp now owns 8,321 shares of the company’s stock worth $457,000 after acquiring an additional 4,363 shares during the period. Leuthold Group LLC acquired a new stake in iShares U.S. Healthcare Providers ETF during the third quarter worth $1,921,000. Finally, Kestra Advisory Services LLC increased its stake in iShares U.S. Healthcare Providers ETF by 11.5% during the third quarter. Kestra Advisory Services LLC now owns 31,186 shares of the company’s stock worth $1,712,000 after acquiring an additional 3,205 shares during the last quarter.

iShares U.S. Healthcare Providers ETF Company Profile

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.