iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Unusually-High Trading Volume – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw an uptick in trading volume on Monday . Approximately 1,177,971 shares traded hands during trading, an increase of 171% from the previous session’s volume of 434,860 shares.The stock last traded at $56.80 and had previously closed at $56.49.

iShares U.S. Healthcare Providers ETF Stock Up 0.7%

The firm has a market capitalization of $1.22 billion, a PE ratio of 15.41 and a beta of 0.72. The firm’s fifty day simple moving average is $53.85 and its 200-day simple moving average is $48.82.

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

A number of hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in 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 purchasing an additional 363 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter worth $32,000. Arax Advisory Partners purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter worth $35,000. WealthShield Partners LLC bought a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter valued at $37,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth 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.