iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Time to Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw strong trading volume on Monday . 1,343,546 shares changed hands during trading, an increase of 67% from the previous session’s volume of 806,615 shares.The stock last traded at $68.28 and had previously closed at $68.34.

iShares U.S. Healthcare ETF Trading Down 0.5%

The company has a market cap of $3.42 billion, a P/E ratio of 21.05 and a beta of 0.58. The business’s fifty day moving average is $65.96 and its 200 day moving average is $64.25.

Institutional Trading of iShares U.S. Healthcare ETF

A number of large investors have recently bought and sold shares of IYH. AQR Capital Management LLC grew its stake in shares of iShares U.S. Healthcare ETF by 17.7% during the 1st quarter. AQR Capital Management LLC now owns 10,841 shares of the company’s stock worth $660,000 after acquiring an additional 1,627 shares during the period. Goldman Sachs Group Inc. boosted its position in iShares U.S. Healthcare ETF by 34.5% during the first quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock worth $38,402,000 after purchasing an additional 161,946 shares during the period. Jane Street Group LLC bought a new position in iShares U.S. Healthcare ETF during the first quarter worth about $520,000. Focus Partners Wealth increased its stake in shares of iShares U.S. Healthcare ETF by 20.1% in the first quarter. Focus Partners Wealth now owns 8,810 shares of the company’s stock worth $536,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of iShares U.S. Healthcare ETF by 5.5% in the second quarter. Cerity Partners LLC now owns 17,500 shares of the company’s stock worth $988,000 after purchasing an additional 910 shares in the last quarter.

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.