iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Reaches New 12-Month High – Still a Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHFGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $57.87 and last traded at $57.75, with a volume of 84076 shares changing hands. The stock had previously closed at $56.87.

iShares U.S. Healthcare Providers ETF Price Performance

The business’s fifty day moving average is $51.72 and its 200-day moving average is $47.96. The firm has a market cap of $1.22 billion, a PE ratio of 15.41 and a beta of 0.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Sather Financial Group Inc increased its stake in shares of iShares U.S. Healthcare Providers ETF by 11.9% during the 1st quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock worth $42,579,000 after purchasing an additional 108,457 shares during the last quarter. Royal Bank of Canada lifted its stake in iShares U.S. Healthcare Providers ETF by 15.8% in the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock valued at $24,040,000 after purchasing an additional 78,235 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in iShares U.S. Healthcare Providers ETF in the third quarter valued at approximately $24,695,000. Element Pointe Advisors LLC grew its holdings in iShares U.S. Healthcare Providers ETF by 9.6% during the first quarter. Element Pointe Advisors LLC now owns 444,622 shares of the company’s stock valued at $18,607,000 after purchasing an additional 38,996 shares during the period. Finally, Bank of America Corp DE grew its holdings in iShares U.S. Healthcare Providers ETF by 9.2% during the first quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock valued at $16,285,000 after purchasing an additional 32,889 shares during the period.

About iShares U.S. Healthcare Providers ETF

(Get Free Report)

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.

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