iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week High – Time to Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares reached a new 52-week high on Wednesday . The company traded as high as $53.75 and last traded at $53.33, with a volume of 938551 shares trading hands. The stock had previously closed at $53.54.

iShares U.S. Healthcare Providers ETF Price Performance

The stock has a market capitalization of $858.61 million, a PE ratio of 15.41 and a beta of 0.74. The stock’s 50 day simple moving average is $49.02 and its two-hundred day simple moving average is $47.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in iShares U.S. Healthcare Providers ETF by 18.8% in the third quarter. US Bancorp DE now owns 2,215 shares of the company’s stock valued at $109,000 after acquiring an additional 350 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in iShares U.S. Healthcare Providers ETF by 145.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock valued at $29,000 after acquiring an additional 363 shares during the last quarter. Principal Securities Inc. boosted its stake in iShares U.S. Healthcare Providers ETF by 3.3% in the fourth quarter. Principal Securities Inc. now owns 12,415 shares of the company’s stock valued at $595,000 after acquiring an additional 391 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 12.3% during the 4th quarter. Dakota Wealth Management now owns 4,735 shares of the company’s stock valued at $227,000 after buying an additional 520 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 4.8% during the 2nd quarter. Cerity Partners LLC now owns 13,699 shares of the company’s stock valued at $666,000 after buying an additional 632 shares in 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.