iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 1-Year High at $65.78

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $65.78 and last traded at $65.78, with a volume of 19784 shares traded. The stock had previously closed at $65.70.

iShares U.S. Healthcare ETF Stock Performance

The company has a market cap of $3.66 billion, a PE ratio of 4.91 and a beta of 0.56. The stock has a 50 day moving average of $62.65 and a 200-day moving average of $61.23.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in iShares U.S. Healthcare ETF by 0.8% in the 2nd quarter. LPL Financial LLC now owns 1,543,365 shares of the company’s stock worth $94,562,000 after acquiring an additional 12,901 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of iShares U.S. Healthcare ETF by 393.0% during the 1st quarter. Osaic Holdings Inc. now owns 496,591 shares of the company’s stock valued at $30,743,000 after buying an additional 395,856 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of iShares U.S. Healthcare ETF by 587.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 472,310 shares of the company’s stock valued at $29,236,000 after buying an additional 403,631 shares during the last quarter. Raymond James & Associates raised its stake in shares of iShares U.S. Healthcare ETF by 421.3% during the 1st quarter. Raymond James & Associates now owns 467,475 shares of the company’s stock valued at $28,937,000 after buying an additional 377,802 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of iShares U.S. Healthcare ETF by 3.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 407,087 shares of the company’s stock valued at $24,942,000 after buying an additional 12,689 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).