iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) shares saw strong trading volume on Tuesday . 612,212 shares were traded during mid-day trading, a decline of 21% from the previous session’s volume of 771,631 shares.The stock last traded at $62.54 and had previously closed at $62.98.
iShares U.S. Healthcare ETF Trading Up 1.5%
The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 21.05 and a beta of 0.59. The stock’s 50 day moving average is $61.52 and its 200 day moving average is $63.87.
Institutional Investors Weigh In On iShares U.S. Healthcare ETF
Several hedge funds have recently modified their holdings of the company. FIL Ltd raised its holdings in iShares U.S. Healthcare ETF by 514.1% in the fourth quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock valued at $254,634,000 after buying an additional 3,260,654 shares during the period. Morgan Stanley raised its holdings in iShares U.S. Healthcare ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 2,269,524 shares of the company’s stock valued at $147,746,000 after buying an additional 68,418 shares during the period. LPL Financial LLC raised its holdings in iShares U.S. Healthcare ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 1,506,483 shares of the company’s stock valued at $98,072,000 after buying an additional 111,239 shares during the period. UBS Group AG raised its holdings in iShares U.S. Healthcare ETF by 11.0% in the third quarter. UBS Group AG now owns 1,243,371 shares of the company’s stock valued at $73,011,000 after buying an additional 122,982 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in iShares U.S. Healthcare ETF by 1,008.8% in the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after buying an additional 1,125,886 shares during the period.
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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