iShares U.S. Healthcare ETF (NYSEARCA:IYH) Reaches New 1-Year High at $62.18

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high during trading on Thursday . The stock traded as high as $62.18 and last traded at $62.08, with a volume of 153503 shares traded. The stock had previously closed at $61.90.

iShares U.S. Healthcare ETF Price Performance

The firm’s 50-day simple moving average is $60.47 and its 200-day simple moving average is $57.01. The firm has a market capitalization of $702.57 million, a P/E ratio of 21.09 and a beta of 0.71.

Institutional Trading of iShares U.S. Healthcare ETF

Hedge funds have recently modified their holdings of the business. Morgan Stanley grew its holdings in shares of iShares U.S. Healthcare ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 493,019 shares of the company’s stock valued at $139,875,000 after buying an additional 87,339 shares during the last quarter. Bank of America Corp DE boosted its stake in iShares U.S. Healthcare ETF by 1.4% during the 1st quarter. Bank of America Corp DE now owns 411,727 shares of the company’s stock valued at $112,426,000 after purchasing an additional 5,766 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the third quarter worth $101,788,000. UBS Group AG lifted its holdings in shares of iShares U.S. Healthcare ETF by 5.0% during the fourth quarter. UBS Group AG now owns 304,294 shares of the company’s stock valued at $87,101,000 after purchasing an additional 14,471 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of iShares U.S. Healthcare ETF by 3.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 185,810 shares of the company’s stock valued at $53,186,000 after buying an additional 6,073 shares during the last quarter.

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).