iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Reaches New 1-Year High – Still a Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high during trading on Wednesday. The company traded as high as $61.16 and last traded at $60.6150, with a volume of 1,454,968 shares. The stock had previously closed at $59.41.

iShares U.S. Healthcare Providers ETF Stock Up 1.9%

The company has a market capitalization of $1.49 billion, a P/E ratio of 15.41 and a beta of 0.68. The company has a 50 day simple moving average of $57.37 and a two-hundred day simple moving average of $51.74.

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

Institutional investors have recently modified their holdings of the business. Ascentis Independent Advisors acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter worth approximately $36,000. TOP Private Wealth LLC. acquired a new stake in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at about $41,000. Mondrian Investment Partners LTD purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 3rd quarter worth about $44,000. Western Wealth Management LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the first quarter worth $46,000. Finally, RMG Wealth Management LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter valued at $49,000.

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.