iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 52-Week High – Should You Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $55.80 and last traded at $55.78, with a volume of 11093 shares. The stock had previously closed at $55.33.

iShares U.S. Healthcare Providers ETF Stock Up 0.7%

The business’s 50-day moving average is $51.30 and its 200-day moving average is $47.84. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of hedge funds have recently modified their holdings of IHF. Sather Financial Group Inc grew its holdings in iShares U.S. Healthcare Providers ETF by 11.9% during the first quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock worth $42,579,000 after acquiring an additional 108,457 shares during the period. Royal Bank of Canada boosted its position in iShares U.S. Healthcare Providers ETF by 15.8% in the 1st quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock worth $24,040,000 after purchasing an additional 78,235 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in iShares U.S. Healthcare Providers ETF in the 3rd quarter worth approximately $24,695,000. Element Pointe Advisors LLC grew its stake in shares of iShares U.S. Healthcare Providers ETF by 9.6% during the 1st quarter. Element Pointe Advisors LLC now owns 444,622 shares of the company’s stock worth $18,607,000 after purchasing an additional 38,996 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of iShares U.S. Healthcare Providers ETF by 9.2% during the 1st quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock worth $16,285,000 after purchasing an additional 32,889 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.