iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week High – Time to Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high during trading on Wednesday . The company traded as high as $53.75 and last traded at $53.33, with a volume of 938551 shares trading hands. The stock had previously closed at $53.54.

iShares U.S. Healthcare Providers ETF Stock Performance

The company has a market capitalization of $858.61 million, a PE ratio of 15.41 and a beta of 0.74. The stock’s 50 day moving average is $49.02 and its 200 day moving average is $47.35.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of institutional investors have recently modified their holdings of IHF. BNP Paribas Financial Markets bought a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter worth approximately $24,695,000. Element Pointe Advisors LLC bought a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter worth approximately $15,602,000. Quadrature Capital Ltd bought a new stake in iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $13,105,000. Private Advisory Group LLC bought a new stake in iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $7,245,000. Finally, Kingsview Wealth Management LLC increased its holdings in iShares U.S. Healthcare Providers ETF by 69.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 351,526 shares of the company’s stock worth $17,362,000 after acquiring an additional 144,524 shares during the period.

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.