iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw unusually-strong trading volume on Tuesday . Approximately 612,212 shares changed hands 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 Down 0.4%

The company has a fifty day moving average price of $61.53 and a two-hundred day moving average price of $63.86. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.05 and a beta of 0.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. FIL Ltd boosted its holdings in iShares U.S. Healthcare ETF by 514.1% in the 4th quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock valued at $254,634,000 after purchasing an additional 3,260,654 shares during the last quarter. Hsbc Holdings PLC lifted 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 acquiring an additional 1,125,886 shares during the last quarter. Pinkerton Wealth LLC acquired a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at approximately $40,091,000. Sherman Porfolios LLC purchased a new position in iShares U.S. Healthcare ETF in the fourth quarter worth approximately $17,652,000. Finally, Camarda Financial Advisors LLC acquired a new stake in iShares U.S. Healthcare ETF during the fourth quarter worth $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.