iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week High – Here’s What Happened

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price reached a new 52-week high on Tuesday. The stock traded as high as $58.47 and last traded at $57.0230, with a volume of 40,880 shares changing hands. The stock had previously closed at $57.17.

iShares U.S. Healthcare Providers ETF Trading Down 0.3%

The business has a fifty day simple moving average of $56.50 and a two-hundred day simple moving average of $52.93. The stock has a market cap of $1.38 billion, a PE ratio of 15.41 and a beta of 0.72.

Institutional Investors Weigh In On iShares U.S. Healthcare Providers ETF

Several hedge funds have recently made changes to their positions in the company. Sather Financial Group Inc grew its stake in iShares U.S. Healthcare Providers ETF by 11.9% in the first quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock worth $42,579,000 after purchasing an additional 108,457 shares during the period. Royal Bank of Canada raised its holdings in iShares U.S. Healthcare Providers ETF by 15.8% in the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock worth $24,040,000 after purchasing an additional 78,235 shares in the last quarter. Element Pointe Advisors LLC lifted its position in iShares U.S. Healthcare Providers ETF by 9.6% during the first quarter. Element Pointe Advisors LLC now owns 444,622 shares of the company’s stock valued at $18,607,000 after buying an additional 38,996 shares during the period. Bank of America Corp DE lifted its position in iShares U.S. Healthcare Providers ETF by 9.2% during the first quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock valued at $16,285,000 after buying an additional 32,889 shares during the period. Finally, Tidal Investments LLC purchased a new position in iShares U.S. Healthcare Providers ETF during the second quarter valued at $20,916,000.

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.