iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week Low – What’s Next?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares reached a new 52-week low on Wednesday . The company traded as low as $47.02 and last traded at $47.07, with a volume of 635649 shares trading hands. The stock had previously closed at $49.96.

iShares U.S. Healthcare Providers ETF Trading Down 0.3%

The firm has a market cap of $591.13 million, a PE ratio of 19.40 and a beta of 0.74. The firm’s 50 day simple moving average is $51.23 and its 200 day simple moving average is $51.40.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec grew its holdings in iShares U.S. Healthcare Providers ETF by 11.9% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 152,896 shares of the company’s stock valued at $8,073,000 after purchasing an additional 16,212 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in iShares U.S. Healthcare Providers ETF by 56.4% during the 1st quarter. Kestra Advisory Services LLC now owns 30,846 shares of the company’s stock valued at $1,629,000 after purchasing an additional 11,125 shares during the last quarter. Harbour Investments Inc. grew its holdings in iShares U.S. Healthcare Providers ETF by 48.5% during the 1st quarter. Harbour Investments Inc. now owns 7,966 shares of the company’s stock valued at $421,000 after purchasing an additional 2,601 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $97,000. Finally, Purkiss Capital Advisors LLC bought a new position in iShares U.S. Healthcare Providers ETF during the 1st quarter valued at about $260,000.

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.