iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 1-Year High – Should You Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price reached a new 52-week high on Thursday . The company traded as high as $53.35 and last traded at $52.84, with a volume of 327152 shares traded. The stock had previously closed at $53.19.

iShares U.S. Healthcare Providers ETF Stock Performance

The stock has a 50-day moving average of $48.58 and a two-hundred day moving average of $47.30. The company has a market cap of $861.03 million, a P/E ratio of 15.41 and a beta of 0.74.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in iShares U.S. Healthcare Providers ETF by 18.8% in the 3rd quarter. US Bancorp DE now owns 2,215 shares of the company’s stock worth $109,000 after buying an additional 350 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in iShares U.S. Healthcare Providers ETF by 145.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after buying an additional 363 shares during the last quarter. Principal Securities Inc. lifted its position in iShares U.S. Healthcare Providers ETF by 3.3% in the 4th quarter. Principal Securities Inc. now owns 12,415 shares of the company’s stock worth $595,000 after buying an additional 391 shares during the last quarter. Dakota Wealth Management lifted its position in iShares U.S. Healthcare Providers ETF by 12.3% in the 4th quarter. Dakota Wealth Management now owns 4,735 shares of the company’s stock worth $227,000 after buying an additional 520 shares during the last quarter. Finally, Mason & Associates Inc lifted its position in iShares U.S. Healthcare Providers ETF by 9.5% in the 3rd quarter. Mason & Associates Inc now owns 6,007 shares of the company’s stock worth $297,000 after buying an additional 522 shares during the last quarter.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.