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

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as $79.20 and last traded at $78.6010, with a volume of 93,246 shares trading hands. The stock had previously closed at $77.30.

iShares U.S. Healthcare ETF Stock Performance

The business has a fifty day simple moving average of $72.87 and a 200 day simple moving average of $66.92. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 33.46 and a beta of 0.55.

Institutional Trading of iShares U.S. Healthcare ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AIA Group Ltd acquired a new stake in iShares U.S. Healthcare ETF in the 3rd quarter worth about $261,449,000. Oakworth Capital Inc. purchased a new stake in iShares U.S. Healthcare ETF in the 3rd quarter valued at about $43,645,000. Commonwealth Equity Services LLC purchased a new stake in iShares U.S. Healthcare ETF in the 3rd quarter valued at about $20,700,000. Horizon Wealth Management LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the 3rd quarter valued at about $15,878,000. Finally, Park Avenue Securities LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the 3rd quarter valued at about $12,984,000.

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.