iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 487,557 shares changed hands during trading, a decline of 38% from the previous session’s volume of 784,124 shares.The stock last traded at $70.8040 and had previously closed at $70.64.
iShares U.S. Healthcare ETF Trading Up 0.8%
The firm’s 50 day moving average price is $70.38 and its 200-day moving average price is $65.64. The company has a market cap of $3.60 billion, a P/E ratio of 21.05 and a beta of 0.58.
Institutional Investors Weigh In On iShares U.S. Healthcare ETF
A number of institutional investors have recently made changes to their positions in the stock. Gerald Baker Financial Group LLC acquired a new stake in shares of iShares U.S. Healthcare ETF in the first quarter valued at approximately $3,539,000. McIlrath & Eck LLC bought a new position in iShares U.S. Healthcare ETF in the first quarter valued at $490,000. Sigma Planning Corp increased its stake in iShares U.S. Healthcare ETF by 115.9% in the 1st quarter. Sigma Planning Corp now owns 22,768 shares of the company’s stock valued at $1,403,000 after buying an additional 12,222 shares during the last quarter. Compass Financial Management LLC acquired a new stake in iShares U.S. Healthcare ETF in the 2nd quarter valued at $744,000. Finally, The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Healthcare ETF during the 2nd quarter worth about $3,297,000.
About iShares U.S. Healthcare ETF
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.
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