iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Should You Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw strong trading volume on Thursday. Approximately 827,572 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 772,316 shares. The stock last traded at $70.1150 and had previously closed at $71.30.

iShares U.S. Healthcare ETF Stock Performance

The stock’s 50 day moving average price is $71.36 and its 200-day moving average price is $66.42. The company has a market cap of $3.92 billion, a PE ratio of 21.05 and a beta of 0.56.

Institutional Trading of iShares U.S. Healthcare ETF

Several institutional investors have recently added to or reduced their stakes in IYH. Hsbc Holdings PLC lifted its stake in shares of iShares U.S. Healthcare ETF by 1,008.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after purchasing an additional 1,125,886 shares during the period. Royal Bank of Canada grew its position in iShares U.S. Healthcare ETF by 7.8% during the 1st quarter. Royal Bank of Canada now owns 899,816 shares of the company’s stock valued at $55,466,000 after purchasing an additional 64,913 shares during the last quarter. Gerald Baker Financial Group LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the first quarter valued at approximately $3,539,000. The Manufacturers Life Insurance Company purchased a new stake in iShares U.S. Healthcare ETF during the 2nd quarter valued at $3,297,000. Finally, Kestra Advisory Services LLC boosted its position in shares of iShares U.S. Healthcare ETF by 8.7% during the first quarter. Kestra Advisory Services LLC now owns 421,205 shares of the company’s stock valued at $25,963,000 after buying an additional 33,731 shares during the last quarter.

About iShares U.S. Healthcare ETF

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.