iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw strong trading volume on Thursday . 975,455 shares traded hands during trading, an increase of 202% from the previous session’s volume of 323,143 shares.The stock last traded at $59.19 and had previously closed at $59.18.

iShares U.S. Healthcare ETF Stock Performance

The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 4.82 and a beta of 0.58. The company has a 50 day moving average price of $60.27 and a two-hundred day moving average price of $57.82.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently modified their holdings of IYH. Raymond James & Associates boosted its position in iShares U.S. Healthcare ETF by 3.0% during the third quarter. Raymond James & Associates now owns 98,054 shares of the company’s stock worth $26,481,000 after purchasing an additional 2,831 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in iShares U.S. Healthcare ETF by 39.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 103,514 shares of the company’s stock worth $27,956,000 after purchasing an additional 29,515 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares U.S. Healthcare ETF by 32.9% during the third quarter. Bank of New York Mellon Corp now owns 2,088 shares of the company’s stock worth $564,000 after purchasing an additional 517 shares in the last quarter. Telemus Capital LLC raised its holdings in shares of iShares U.S. Healthcare ETF by 2.8% in the third quarter. Telemus Capital LLC now owns 2,200 shares of the company’s stock worth $594,000 after acquiring an additional 60 shares during the last quarter. Finally, Arkansas Financial Group Inc. raised its holdings in shares of iShares U.S. Healthcare ETF by 3.6% in the third quarter. Arkansas Financial Group Inc. now owns 12,996 shares of the company’s stock worth $3,510,000 after acquiring an additional 452 shares during the last quarter.

iShares U.S. Healthcare ETF Company Profile

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).