iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Shares Gap Down – Should You Sell?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $50.02, but opened at $46.77. iShares U.S. Healthcare Providers ETF shares last traded at $45.75, with a volume of 360,917 shares trading hands.

iShares U.S. Healthcare Providers ETF Stock Performance

The firm has a fifty day moving average of $48.64 and a 200-day moving average of $47.66. The stock has a market capitalization of $689.15 million, a price-to-earnings ratio of 15.41 and a beta of 0.70.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IHF. Creative Planning lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 4.9% in the second quarter. Creative Planning now owns 35,559 shares of the company’s stock worth $1,730,000 after acquiring an additional 1,670 shares in the last quarter. Truist Financial Corp increased its holdings in iShares U.S. Healthcare Providers ETF by 1.5% during the 2nd quarter. Truist Financial Corp now owns 36,013 shares of the company’s stock worth $1,752,000 after purchasing an additional 541 shares during the last quarter. Investment House LLC purchased a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter worth approximately $722,000. Cetera Investment Advisers raised its position in shares of iShares U.S. Healthcare Providers ETF by 2.6% in the 2nd quarter. Cetera Investment Advisers now owns 128,741 shares of the company’s stock valued at $6,263,000 after purchasing an additional 3,267 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter valued at approximately $195,000.

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.