iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Strong Trading Volume – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw unusually-strong trading volume on Wednesday . Approximately 3,116,606 shares were traded during mid-day trading, an increase of 637% from the previous session’s volume of 423,142 shares.The stock last traded at $50.30 and had previously closed at $49.79.

iShares U.S. Healthcare Providers ETF Price Performance

The company has a market capitalization of $811.12 million, a PE ratio of 15.41 and a beta of 0.74. The company has a 50 day moving average of $46.47 and a two-hundred day moving average of $46.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IHF. NewEdge Advisors LLC lifted its holdings in shares of iShares U.S. Healthcare Providers ETF by 7.1% during the first quarter. NewEdge Advisors LLC now owns 10,523 shares of the company’s stock valued at $556,000 after purchasing an additional 700 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in iShares U.S. Healthcare Providers ETF by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock valued at $6,576,000 after acquiring an additional 7,393 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares U.S. Healthcare Providers ETF by 5.0% in the second quarter. JPMorgan Chase & Co. now owns 39,796 shares of the company’s stock valued at $1,936,000 after acquiring an additional 1,887 shares during the period. Cerity Partners LLC lifted its holdings in iShares U.S. Healthcare Providers ETF by 4.8% in the second quarter. Cerity Partners LLC now owns 13,699 shares of the company’s stock valued at $666,000 after acquiring an additional 632 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in iShares U.S. Healthcare Providers ETF by 27.9% in the second quarter. Raymond James Financial Inc. now owns 55,731 shares of the company’s stock valued at $2,711,000 after acquiring an additional 12,174 shares during the period.

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.