iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Reaches New 1-Year High – Should You Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $60.06 and last traded at $60.1050, with a volume of 86,433 shares changing hands. The stock had previously closed at $58.85.

iShares U.S. Healthcare Providers ETF Trading Up 2.4%

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72. The firm’s fifty day moving average price is $56.69 and its 200-day moving average price is $53.52.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several large investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in iShares U.S. Healthcare Providers ETF in the first quarter valued at $36,000. TOP Private Wealth LLC. purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the second quarter valued at $41,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter valued at $42,000. Western Wealth Management LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the first quarter worth approximately $46,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $49,000.

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.