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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares reached a new 52-week high on Thursday . The company traded as high as $54.15 and last traded at $54.05, with a volume of 37975 shares traded. The stock had previously closed at $53.50.

iShares U.S. Healthcare Providers ETF Stock Up 1.8%

The company’s 50 day moving average is $50.03 and its 200 day moving average is $47.52. The firm has a market capitalization of $876.81 million, a price-to-earnings ratio of 15.41 and a beta of 0.74.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of iShares U.S. Healthcare Providers ETF by 7.1% during the first quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock worth $556,000 after purchasing an additional 700 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of iShares U.S. Healthcare Providers ETF by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock valued at $6,576,000 after buying an additional 7,393 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares U.S. Healthcare Providers ETF by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 39,796 shares of the company’s stock valued at $1,936,000 after buying an additional 1,887 shares during the period. Cerity Partners LLC grew its position in iShares U.S. Healthcare Providers ETF by 4.8% during the second quarter. Cerity Partners LLC now owns 13,699 shares of the company’s stock worth $666,000 after buying an additional 632 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in iShares U.S. Healthcare Providers ETF by 27.9% during the second quarter. Raymond James Financial Inc. now owns 55,731 shares of the company’s stock worth $2,711,000 after buying an additional 12,174 shares in 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.