Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) saw unusually-strong trading volume on Thursday . 1,466,776 shares traded hands during mid-day trading, an increase of 88% from the previous session’s volume of 778,314 shares.The stock last traded at $71.9050 and had previously closed at $71.54.
iShares U.S. Healthcare ETF Price Performance
The firm has a market cap of $3.90 billion, a PE ratio of 21.05 and a beta of 0.58. The company has a 50 day simple moving average of $70.72 and a 200-day simple moving average of $65.82.
Institutional Investors Weigh In On iShares U.S. Healthcare ETF
A number of institutional investors have recently made changes to their positions in IYH. Hsbc Holdings PLC boosted its stake in shares of iShares U.S. Healthcare ETF by 1,008.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after purchasing an additional 1,125,886 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares U.S. Healthcare ETF by 7.8% in the first quarter. Royal Bank of Canada now owns 899,816 shares of the company’s stock worth $55,466,000 after purchasing an additional 64,913 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in iShares U.S. Healthcare ETF by 8.7% in the first quarter. Kestra Advisory Services LLC now owns 421,205 shares of the company’s stock worth $25,963,000 after purchasing an additional 33,731 shares during the last quarter. Cetera Investment Advisers boosted its position in iShares U.S. Healthcare ETF by 6.2% during the first quarter. Cetera Investment Advisers now owns 206,074 shares of the company’s stock valued at $12,702,000 after buying an additional 12,038 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its position in iShares U.S. Healthcare ETF by 10.3% during the second quarter. Concurrent Investment Advisors LLC now owns 163,818 shares of the company’s stock valued at $10,977,000 after buying an additional 15,232 shares during the period.
iShares U.S. Healthcare ETF Company Profile
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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