iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week Low – Here’s What Happened

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week low during trading on Wednesday . The company traded as low as $47.02 and last traded at $47.07, with a volume of 635649 shares trading hands. The stock had previously closed at $49.96.

iShares U.S. Healthcare Providers ETF Trading Down 5.8%

The stock’s 50 day moving average price is $51.42 and its 200 day moving average price is $51.48. The firm has a market cap of $595.44 million, a PE ratio of 19.40 and a beta of 0.74.

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

A number of hedge funds have recently made changes to their positions in IHF. Principal Securities Inc. grew its holdings in iShares U.S. Healthcare Providers ETF by 3.0% during the 4th quarter. Principal Securities Inc. now owns 10,058 shares of the company’s stock valued at $483,000 after purchasing an additional 289 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in iShares U.S. Healthcare Providers ETF by 3.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,355 shares of the company’s stock valued at $497,000 after purchasing an additional 378 shares in the last quarter. IFP Advisors Inc grew its holdings in iShares U.S. Healthcare Providers ETF by 200.0% during the 1st quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. CX Institutional acquired a new stake in iShares U.S. Healthcare Providers ETF during the 4th quarter valued at $29,000. Finally, Thrivent Financial for Lutherans grew its holdings in iShares U.S. Healthcare Providers ETF by 9.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 9,778 shares of the company’s stock valued at $469,000 after purchasing an additional 815 shares in the last quarter.

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.