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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $57.87 and last traded at $57.75, with a volume of 84076 shares trading hands. The stock had previously closed at $56.87.

iShares U.S. Healthcare Providers ETF Trading Down 0.9%

The firm’s 50 day moving average price is $52.13 and its two-hundred day moving average price is $48.09. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

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

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.