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

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $67.73 and last traded at $67.64, with a volume of 875837 shares. The stock had previously closed at $65.66.

iShares U.S. Healthcare ETF Price Performance

The firm has a market capitalization of $3.16 billion, a P/E ratio of 21.05 and a beta of 0.59. The stock’s 50 day moving average is $62.42 and its two-hundred day moving average is $63.72.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in iShares U.S. Healthcare ETF by 17.7% in 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of iShares U.S. Healthcare ETF by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock valued at $38,402,000 after acquiring an additional 161,946 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares U.S. Healthcare ETF in the 1st quarter valued at approximately $520,000. Focus Partners Wealth boosted its stake in 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 acquiring an additional 1,477 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in iShares U.S. Healthcare ETF by 5.5% during the 2nd quarter. Cerity Partners LLC now owns 17,500 shares of the company’s stock worth $988,000 after acquiring an additional 910 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). 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.