iShares U.S. Healthcare ETF (NYSEARCA:IYH) Reaches New 12-Month High – Time to Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYHGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.23 and last traded at $68.22, with a volume of 131179 shares. The stock had previously closed at $67.44.

iShares U.S. Healthcare ETF Stock Performance

The business has a fifty day moving average price of $63.15 and a 200-day moving average price of $63.89. The stock has a market capitalization of $3.26 billion, a PE ratio of 21.05 and a beta of 0.58.

Institutional Trading of iShares U.S. Healthcare ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Asempa Wealth Advisors purchased a new position in shares of iShares U.S. Healthcare ETF in the fourth quarter worth $818,000. Apella Capital LLC purchased a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at $1,053,000. Banque Pictet & Cie SA bought a new stake in iShares U.S. Healthcare ETF in the 4th quarter worth $1,243,000. AE Wealth Management LLC grew its holdings in iShares U.S. Healthcare ETF by 9,109.8% in the 4th quarter. AE Wealth Management LLC now owns 91,914 shares of the company’s stock worth $5,984,000 after acquiring an additional 90,916 shares during the last quarter. Finally, Balboa Wealth Partners purchased a new position in shares of iShares U.S. Healthcare ETF in the fourth quarter valued at about $2,889,000.

About iShares U.S. Healthcare ETF

(Get Free Report)

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.

Further Reading

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