iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 1-Year High – What’s Next?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high on Tuesday. The stock traded as high as $60.06 and last traded at $60.1050, with a volume of 86,433 shares traded. The stock had previously closed at $58.85.

iShares U.S. Healthcare Providers ETF Trading Down 0.6%

The business has a 50-day moving average price of $56.82 and a 200-day moving average price of $53.77. The firm has a market cap of $1.42 billion, a P/E ratio of 15.41 and a beta of 0.72.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Investment House LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter worth approximately $917,000. Fifth Third Securities Inc. purchased a new position in iShares U.S. Healthcare Providers ETF during the third quarter valued at approximately $1,570,000. Sowell Financial Services LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the third quarter valued at approximately $1,115,000. Robinson Value Management Ltd. purchased a new position in iShares U.S. Healthcare Providers ETF during the third quarter valued at approximately $1,623,000. Finally, Weaver Capital Management LLC bought a new position in iShares U.S. Healthcare Providers ETF in the third quarter worth approximately $215,000.

About iShares U.S. Healthcare Providers ETF

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.