iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 12-Month High – Should You Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $52.21 and last traded at $52.05, with a volume of 70617 shares. The stock had previously closed at $51.58.

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

The stock’s 50-day moving average price is $47.45 and its 200-day moving average price is $47.10. The company has a market capitalization of $836.07 million, a price-to-earnings ratio of 15.41 and a beta of 0.74.

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

Large investors have recently modified their holdings of the stock. Sage Advisory Services Ltd.Co. acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $4,639,000. Northland Securities Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $572,000. Cox Capital Mgt LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $740,000. Jefferies Financial Group Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth approximately $973,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $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.