iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 12-Month High – Should You Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high during trading on Tuesday . The stock traded as high as $70.59 and last traded at $70.51, with a volume of 36391 shares changing hands. The stock had previously closed at $68.72.

iShares U.S. Healthcare ETF Trading Down 0.6%

The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 21.05 and a beta of 0.58. The business’s 50-day simple moving average is $65.73 and its two-hundred day simple moving average is $64.22.

Institutional Investors Weigh In On iShares U.S. Healthcare ETF

A number of institutional investors have recently modified their holdings of IYH. Simplex Trading LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth $28,000. Quadrant Capital Group LLC acquired a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at $29,000. Investment Counsel Co. of Nevada acquired a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at $34,000. Community Financial Services Group LLC bought a new stake in iShares U.S. Healthcare ETF during the second quarter valued at $40,000. Finally, Bayban bought a new stake in iShares U.S. Healthcare ETF during the fourth quarter valued at $42,000.

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.