iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 52-Week High – Still a Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $58.30 and last traded at $57.88, with a volume of 86013 shares changing hands. The stock had previously closed at $56.52.

iShares U.S. Healthcare Providers ETF Stock Performance

The company has a 50-day simple moving average of $53.02 and a 200 day simple moving average of $48.41. The company has a market capitalization of $1.20 billion, a P/E ratio of 15.41 and a beta of 0.72.

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

Several hedge funds and other institutional investors have recently modified their holdings of IHF. O Shaughnessy Asset Management LLC increased its position in iShares U.S. Healthcare Providers ETF by 145.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 363 shares during the period. Strive Financial Group LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $32,000. Arax Advisory Partners acquired a new stake in iShares U.S. Healthcare Providers ETF in the 4th quarter worth $35,000. WealthShield Partners LLC acquired a new stake in iShares U.S. Healthcare Providers ETF in the 4th quarter worth $37,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in iShares U.S. Healthcare Providers ETF in the 4th quarter worth $42,000.

iShares U.S. Healthcare Providers ETF Company Profile

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.