iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – What’s Next?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw an uptick in trading volume on Thursday . 532,280 shares traded hands during mid-day trading, an increase of 90% from the previous session’s volume of 279,952 shares.The stock last traded at $57.59 and had previously closed at $57.90.

iShares U.S. Healthcare ETF Price Performance

The company’s 50 day simple moving average is $61.99 and its two-hundred day simple moving average is $62.85. The company has a market cap of $3.21 billion, a PE ratio of 4.91 and a beta of 0.56.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares U.S. Healthcare ETF during the third quarter worth approximately $264,000. MML Investors Services LLC raised its stake in iShares U.S. Healthcare ETF by 20.0% in the third quarter. MML Investors Services LLC now owns 85,166 shares of the company’s stock valued at $5,536,000 after buying an additional 14,171 shares in the last quarter. National Bank of Canada FI lifted its holdings in iShares U.S. Healthcare ETF by 1.2% during the 3rd quarter. National Bank of Canada FI now owns 57,505 shares of the company’s stock worth $3,738,000 after buying an additional 664 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of iShares U.S. Healthcare ETF by 17.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 10,481 shares of the company’s stock worth $681,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of iShares U.S. Healthcare ETF by 3.1% in the 3rd quarter. Stifel Financial Corp now owns 66,432 shares of the company’s stock valued at $4,318,000 after acquiring an additional 2,022 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).