iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $70.81 and last traded at $70.80, with a volume of 392756 shares. The stock had previously closed at $70.00.
iShares U.S. Healthcare ETF Trading Down 0.4%
The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 21.05 and a beta of 0.57. The stock’s fifty day moving average price is $66.93 and its two-hundred day moving average price is $64.43.
Hedge Funds Weigh In On iShares U.S. Healthcare ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FIL Ltd grew its position in shares of iShares U.S. Healthcare ETF by 514.1% during the fourth quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock worth $254,634,000 after acquiring an additional 3,260,654 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of iShares U.S. Healthcare ETF by 1,008.8% during the 4th quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after acquiring an additional 1,125,886 shares during the period. Pinkerton Wealth LLC purchased a new stake in iShares U.S. Healthcare ETF during the fourth quarter worth $40,091,000. Sherman Porfolios LLC purchased a new position in iShares U.S. Healthcare ETF during the 4th quarter valued at about $17,652,000. Finally, Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Healthcare ETF in the 4th quarter valued at approximately $14,556,000.
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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