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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $55.80 and last traded at $55.78, with a volume of 11093 shares trading hands. The stock had previously closed at $55.33.

iShares U.S. Healthcare Providers ETF Stock Performance

The company has a market cap of $907.88 million, a price-to-earnings ratio of 15.41 and a beta of 0.74. The firm’s 50-day moving average price is $50.85 and its 200 day moving average price is $47.72.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC raised its position in shares of iShares U.S. Healthcare Providers ETF by 145.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock valued at $29,000 after acquiring an additional 363 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth $32,000. Arax Advisory Partners bought a new stake in iShares U.S. Healthcare Providers ETF in the fourth quarter valued at about $35,000. Ascentis Independent Advisors bought a new stake in iShares U.S. Healthcare Providers ETF in the first quarter valued at about $36,000. Finally, WealthShield Partners LLC acquired a new position in iShares U.S. Healthcare Providers ETF in the fourth quarter valued at about $37,000.

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.