iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 827,572 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 772,316 shares. The stock last traded at $70.1150 and had previously closed at $71.30.
iShares U.S. Healthcare ETF Stock Down 2.0%
The company’s 50-day moving average is $71.36 and its two-hundred day moving average is $66.42. The company has a market cap of $3.92 billion, a P/E ratio of 21.05 and a beta of 0.56.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new stake in iShares U.S. Healthcare ETF during the second quarter valued at about $744,000. Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF during the 1st quarter valued at about $3,539,000. The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Healthcare ETF in the 2nd quarter worth approximately $3,297,000. McIlrath & Eck LLC bought a new stake in iShares U.S. Healthcare ETF in the 1st quarter worth approximately $490,000. Finally, Sigma Planning Corp boosted its stake in iShares U.S. Healthcare ETF by 115.9% in the first quarter. Sigma Planning Corp now owns 22,768 shares of the company’s stock worth $1,403,000 after buying an additional 12,222 shares in the last quarter.
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.
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