iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 1-Year High – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares hit a new 52-week high on Thursday . The company traded as high as $53.35 and last traded at $52.84, with a volume of 327152 shares trading hands. The stock had previously closed at $53.19.

iShares U.S. Healthcare Providers ETF Trading Down 0.7%

The business’s 50 day moving average price is $48.13 and its two-hundred day moving average price is $47.22. The stock has a market cap of $850.72 million, a P/E ratio of 15.41 and a beta of 0.74.

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

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

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.