iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Reaches New 12-Month High – Here’s What Happened

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) reached a new 52-week high on Thursday . The stock traded as high as $58.30 and last traded at $57.88, with a volume of 86013 shares traded. The stock had previously closed at $56.52.

iShares U.S. Healthcare Providers ETF Stock Up 0.4%

The firm has a market cap of $1.19 billion, a PE ratio of 15.41 and a beta of 0.72. The stock has a 50-day simple moving average of $53.30 and a two-hundred day simple moving average of $48.53.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Hedge funds have recently added to or reduced their stakes in the business. Kraft Davis & Associates LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 50.9% in the 2nd quarter. Kraft Davis & Associates LLC now owns 9,085 shares of the company’s stock valued at $520,000 after acquiring an additional 3,065 shares during the last quarter. Evanson Financial LLC purchased a new stake in iShares U.S. Healthcare Providers ETF in the second quarter worth $680,000. Tlwm bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter valued at about $210,000. Western Wealth Management LLC bought a new position in iShares U.S. Healthcare Providers ETF in the first quarter worth about $46,000. Finally, Bank of America Corp DE lifted its holdings in iShares U.S. Healthcare Providers ETF by 9.2% in the first quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock worth $16,285,000 after buying an additional 32,889 shares during the period.

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.