iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares saw unusually-strong trading volume on Thursday. Approximately 1,559,626 shares were traded during trading, an increase of 194% from the average daily volume of 530,615 shares. The stock last traded at $59.6090 and had previously closed at $60.56.

iShares U.S. Healthcare Providers ETF Stock Down 1.7%

The firm has a market capitalization of $1.46 billion, a PE ratio of 15.41 and a beta of 0.68. The business’s fifty day moving average price is $57.44 and its 200 day moving average price is $51.80.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of hedge funds have recently bought and sold shares of IHF. Tidal Investments LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF in the second quarter worth approximately $20,916,000. Envestnet Asset Management Inc. grew its holdings in iShares U.S. Healthcare Providers ETF by 103.2% in the second quarter. Envestnet Asset Management Inc. now owns 333,171 shares of the company’s stock valued at $18,434,000 after purchasing an additional 169,222 shares during the period. Quantitative Investment Management LLC acquired a new position in iShares U.S. Healthcare Providers ETF during the second quarter worth approximately $4,628,000. Royal Bank of Canada increased its position in iShares U.S. Healthcare Providers ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock worth $24,040,000 after purchasing an additional 78,235 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in iShares U.S. Healthcare Providers ETF by 31.8% during the first quarter. Bank of New York Mellon Corp now owns 250,961 shares of the company’s stock worth $10,503,000 after purchasing an additional 60,615 shares during the period.

iShares U.S. Healthcare Providers ETF Company Profile

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.