iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 12-Month High – Here’s What Happened

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price hit a new 52-week high on Wednesday. The stock traded as high as $61.16 and last traded at $60.6150, with a volume of 1,454,968 shares trading hands. The stock had previously closed at $59.41.

iShares U.S. Healthcare Providers ETF Price Performance

The firm has a market cap of $1.49 billion, a PE ratio of 15.41 and a beta of 0.68. The business has a fifty day moving average price of $57.37 and a two-hundred day moving average price of $51.74.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TOP Private Wealth LLC. acquired a new stake in iShares U.S. Healthcare Providers ETF in the second quarter worth about $41,000. Mondrian Investment Partners LTD bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 3rd quarter worth about $44,000. Ascentis Independent Advisors bought a new position in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter worth $36,000. Western Wealth Management LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the first quarter valued at about $46,000. Finally, RMG Wealth Management LLC bought a new stake in iShares U.S. Healthcare Providers ETF during the first quarter valued at $49,000.

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.