iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Volume Increase – Still a Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw unusually-strong trading volume on Tuesday . 510,738 shares traded hands during trading, an increase of 14% from the previous session’s volume of 448,227 shares.The stock last traded at $56.99 and had previously closed at $56.25.

iShares U.S. Healthcare Providers ETF Stock Up 1.2%

The stock has a market cap of $1.27 billion, a P/E ratio of 15.41 and a beta of 0.72. The firm’s 50 day simple moving average is $55.81 and its two-hundred day simple moving average is $49.67.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its position in iShares U.S. Healthcare Providers ETF by 145.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after purchasing an additional 363 shares during the last quarter. Strive Financial Group LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the fourth quarter worth about $32,000. Arax Advisory Partners bought a new stake in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter worth approximately $35,000. Ascentis Independent Advisors acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the 1st quarter valued at $36,000. Finally, WealthShield Partners LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter worth $37,000.

iShares U.S. Healthcare Providers ETF Company Profile

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.