iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-high trading volume on Friday. Approximately 860,212 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 800,650 shares. The stock last traded at $78.0190 and had previously closed at $77.55.

iShares U.S. Healthcare ETF Trading Up 0.8%

The firm has a market cap of $4.67 billion, a PE ratio of 21.05 and a beta of 0.56. The company’s 50-day moving average is $72.63 and its 200 day moving average is $66.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sax Wealth Advisors LLC grew its holdings in iShares U.S. Healthcare ETF by 4.7% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,804 shares of the company’s stock worth $487,000 after acquiring an additional 307 shares during the last quarter. HB Wealth Management LLC lifted its position in iShares U.S. Healthcare ETF by 5.9% during the 2nd quarter. HB Wealth Management LLC now owns 5,634 shares of the company’s stock valued at $378,000 after purchasing an additional 316 shares during the period. Climber Capital SA boosted its stake in shares of iShares U.S. Healthcare ETF by 2.0% in the 3rd quarter. Climber Capital SA now owns 19,444 shares of the company’s stock valued at $1,391,000 after purchasing an additional 380 shares during the last quarter. Apella Capital LLC raised its stake in shares of iShares U.S. Healthcare ETF by 2.3% during the third quarter. Apella Capital LLC now owns 17,096 shares of the company’s stock worth $1,219,000 after buying an additional 387 shares during the last quarter. Finally, Whitener Capital Management Inc. raised its stake in shares of iShares U.S. Healthcare ETF by 10.4% during the second quarter. Whitener Capital Management Inc. now owns 4,566 shares of the company’s stock worth $306,000 after buying an additional 432 shares during the last quarter.

iShares U.S. Healthcare ETF Company Profile

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.