iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 52-Week High – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares hit a new 52-week high during trading on Monday . The company traded as high as $70.81 and last traded at $70.80, with a volume of 392756 shares. The stock had previously closed at $70.00.

iShares U.S. Healthcare ETF Trading Up 1.2%

The firm has a market cap of $3.58 billion, a P/E ratio of 21.05 and a beta of 0.57. The company’s fifty day moving average price is $66.57 and its two-hundred day moving average price is $64.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Whitener Capital Management Inc. increased its holdings in iShares U.S. Healthcare ETF by 10.4% during the 2nd quarter. Whitener Capital Management Inc. now owns 4,566 shares of the company’s stock valued at $306,000 after purchasing an additional 432 shares in the last quarter. Community Financial Services Group LLC acquired a new position in iShares U.S. Healthcare ETF in the second quarter worth $40,000. Valeo Financial Advisors LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $207,000. Western Wealth Management LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the first quarter worth $195,000. Finally, Parallel Advisors LLC increased its stake in shares of iShares U.S. Healthcare ETF by 15.2% in the first quarter. Parallel Advisors LLC now owns 4,013 shares of the company’s stock valued at $247,000 after buying an additional 528 shares in the last quarter.

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.