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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) reached a new 52-week high during trading on Wednesday . The stock traded as high as $53.75 and last traded at $53.33, with a volume of 938551 shares traded. The stock had previously closed at $53.54.

iShares U.S. Healthcare Providers ETF Stock Down 0.3%

The company has a market capitalization of $841.87 million, a price-to-earnings ratio of 15.41 and a beta of 0.74. The company’s 50 day simple moving average is $49.36 and its two-hundred day simple moving average is $47.39.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Institutional investors have recently made changes to their positions in the business. Northland Securities Inc. acquired a new position in iShares U.S. Healthcare Providers ETF during the 4th quarter valued at about $572,000. Cox Capital Mgt LLC acquired a new stake in iShares U.S. Healthcare Providers ETF in the fourth quarter worth about $740,000. Jefferies Financial Group Inc. acquired a new stake in iShares U.S. Healthcare Providers ETF in the third quarter worth about $973,000. TD Waterhouse Canada Inc. purchased a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth about $2,100,000. Finally, UBS Group AG grew its stake in shares of iShares U.S. Healthcare Providers ETF by 9.3% during the fourth quarter. UBS Group AG now owns 288,968 shares of the company’s stock worth $13,854,000 after acquiring an additional 24,665 shares during the last quarter.

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.