iShares U.S. Healthcare ETF (NYSEARCA:IYH) Reaches New 12-Month High – Here’s Why

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high on Wednesday. The stock traded as high as $75.67 and last traded at $75.52, with a volume of 709,840 shares traded. The stock had previously closed at $73.79.

iShares U.S. Healthcare ETF Trading Up 1.3%

The business’s 50 day moving average is $72.23 and its 200 day moving average is $67.39. The stock has a market capitalization of $4.52 billion, a PE ratio of 21.05 and a beta of 0.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 2nd quarter worth $744,000. Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the 1st quarter valued at $3,539,000. The Manufacturers Life Insurance Company purchased a new position in iShares U.S. Healthcare ETF in the second quarter valued at about $3,297,000. McIlrath & Eck LLC bought a new position in shares of iShares U.S. Healthcare ETF during the 1st quarter worth approximately $490,000. Finally, Readystate Asset Management LP acquired a new position in shares of iShares U.S. Healthcare ETF during the second quarter worth $543,000.

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.