iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Here’s What Happened

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw an uptick in trading volume on Monday . Approximately 2,093,165 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 804,383 shares.The stock last traded at $67.66 and had previously closed at $67.80.

iShares U.S. Healthcare ETF Trading Down 0.5%

The company has a market cap of $3.18 billion, a PE ratio of 21.05 and a beta of 0.58. The firm’s fifty day moving average is $64.61 and its 200 day moving average is $64.08.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors and hedge funds have recently modified their holdings of IYH. Simplex Trading LLC purchased a new position in iShares U.S. Healthcare ETF in the 4th quarter valued at about $28,000. Quadrant Capital Group LLC purchased a new stake in iShares U.S. Healthcare ETF during the 4th quarter worth approximately $29,000. Investment Counsel Co. of Nevada purchased a new stake in iShares U.S. Healthcare ETF during the 4th quarter worth approximately $34,000. Community Financial Services Group LLC purchased a new stake in iShares U.S. Healthcare ETF during the 2nd quarter worth approximately $40,000. Finally, Bayban acquired a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at approximately $42,000.

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.