iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw unusually-high trading volume on Monday . Approximately 2,093,165 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 804,383 shares.The stock last traded at $67.66 and had previously closed at $67.80.

iShares U.S. Healthcare ETF Stock Down 0.5%

The company has a 50-day moving average of $64.61 and a 200 day moving average of $64.08. The stock has a market capitalization of $3.18 billion, a PE ratio of 21.05 and a beta of 0.58.

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

Large investors have recently modified their holdings of the business. Whitener Capital Management Inc. boosted its holdings in iShares U.S. Healthcare ETF by 4.2% in the fourth quarter. Whitener Capital Management Inc. now owns 4,047 shares of the company’s stock valued at $263,000 after purchasing an additional 163 shares during the last quarter. Apexium Financial LP lifted its stake in iShares U.S. Healthcare ETF by 1.2% during the third quarter. Apexium Financial LP now owns 15,085 shares of the company’s stock worth $886,000 after purchasing an additional 174 shares during the last quarter. Sovran Advisors LLC boosted its holdings in shares of iShares U.S. Healthcare ETF by 1.2% in the 4th quarter. Sovran Advisors LLC now owns 14,692 shares of the company’s stock valued at $969,000 after buying an additional 176 shares during the period. Allworth Financial LP lifted its holdings in iShares U.S. Healthcare ETF by 5.1% in the third quarter. Allworth Financial LP now owns 3,660 shares of the company’s stock worth $215,000 after acquiring an additional 179 shares during the last quarter. Finally, Guidance Point Advisors LLC boosted its stake in iShares U.S. Healthcare ETF by 4.9% in the fourth quarter. Guidance Point Advisors LLC now owns 4,174 shares of the company’s stock valued at $272,000 after acquiring an additional 195 shares during the period.

iShares U.S. Healthcare ETF Company Profile

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.