iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 12-Month High – Still a Buy?

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

iShares U.S. Healthcare ETF Stock Up 1.6%

The firm has a market capitalization of $3.23 billion, a PE ratio of 21.05 and a beta of 0.58. The stock has a 50-day moving average price of $62.85 and a 200 day moving average price of $63.82.

Institutional Investors Weigh In On iShares U.S. Healthcare ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in iShares U.S. Healthcare ETF by 17.7% during the first quarter. AQR Capital Management LLC now owns 10,841 shares of the company’s stock valued at $660,000 after purchasing an additional 1,627 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of iShares U.S. Healthcare ETF by 34.5% during the first quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock worth $38,402,000 after purchasing an additional 161,946 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the 1st quarter worth about $520,000. Focus Partners Wealth raised its position in shares of iShares U.S. Healthcare ETF by 20.1% during the 1st quarter. Focus Partners Wealth now owns 8,810 shares of the company’s stock worth $536,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in iShares U.S. Healthcare ETF by 5.5% in the 2nd quarter. Cerity Partners LLC now owns 17,500 shares of the company’s stock valued at $988,000 after buying an additional 910 shares in 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). 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.