iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 12-Month High – What’s Next?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high on Thursday . The company traded as high as $54.15 and last traded at $54.05, with a volume of 37975 shares. The stock had previously closed at $53.50.

iShares U.S. Healthcare Providers ETF Price Performance

The company has a market capitalization of $895.32 million, a P/E ratio of 15.41 and a beta of 0.74. The firm has a fifty day moving average price of $50.45 and a 200-day moving average price of $47.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IHF. NewEdge Advisors LLC increased its position in shares of iShares U.S. Healthcare Providers ETF by 7.1% during the 1st quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock valued at $556,000 after purchasing an additional 700 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of iShares U.S. Healthcare Providers ETF by 6.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock worth $6,576,000 after buying an additional 7,393 shares during the last quarter. JPMorgan Chase & Co. grew its position in iShares U.S. Healthcare Providers ETF by 5.0% during the second quarter. JPMorgan Chase & Co. now owns 39,796 shares of the company’s stock valued at $1,936,000 after buying an additional 1,887 shares during the period. Cerity Partners LLC grew its position in iShares U.S. Healthcare Providers ETF by 4.8% during the second quarter. Cerity Partners LLC now owns 13,699 shares of the company’s stock valued at $666,000 after buying an additional 632 shares during the period. Finally, Raymond James Financial Inc. grew its position in iShares U.S. Healthcare Providers ETF by 27.9% during the second quarter. Raymond James Financial Inc. now owns 55,731 shares of the company’s stock valued at $2,711,000 after buying an additional 12,174 shares during the period.

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.