iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Still a Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-high trading volume on Friday. 614,797 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 789,866 shares. The stock last traded at $74.7480 and had previously closed at $74.49.

iShares U.S. Healthcare ETF Price Performance

The company’s 50-day moving average price is $71.82 and its two-hundred day moving average price is $66.92. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 21.05 and a beta of 0.56.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. bought a new stake in iShares U.S. Healthcare ETF during the third quarter valued at $33,000. Continuum Advisory LLC bought a new position in shares of iShares U.S. Healthcare ETF in the 2nd quarter worth about $36,000. Community Financial Services Group LLC bought a new position in shares of iShares U.S. Healthcare ETF in the 2nd quarter worth about $40,000. Bayban bought a new position in shares of iShares U.S. Healthcare ETF in the 4th quarter worth about $42,000. Finally, NBH Bank acquired a new position in shares of iShares U.S. Healthcare ETF in the 2nd quarter valued at about $74,000.

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.