iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 12-Month High – What’s Next?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high during trading on Wednesday . The company traded as high as $69.93 and last traded at $69.57, with a volume of 582321 shares traded. The stock had previously closed at $68.57.

iShares U.S. Healthcare ETF Trading Up 1.5%

The firm’s fifty day moving average price is $63.47 and its two-hundred day moving average price is $63.94. The stock has a market capitalization of $3.28 billion, a PE ratio of 21.05 and a beta of 0.58.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IYH. FIL Ltd lifted its stake in iShares U.S. Healthcare ETF by 514.1% in the 4th quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock valued at $254,634,000 after buying an additional 3,260,654 shares in the last quarter. Morgan Stanley grew its position in iShares U.S. Healthcare ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 2,269,524 shares of the company’s stock worth $147,746,000 after acquiring an additional 68,418 shares during the period. LPL Financial LLC increased its position in shares of iShares U.S. Healthcare ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 1,506,483 shares of the company’s stock worth $98,072,000 after purchasing an additional 111,239 shares during the last quarter. UBS Group AG boosted its stake in iShares U.S. Healthcare ETF by 11.0% during the third quarter. UBS Group AG now owns 1,243,371 shares of the company’s stock worth $73,011,000 after buying an additional 122,982 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in iShares U.S. Healthcare ETF by 1,008.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after purchasing an additional 1,125,886 shares during the last quarter.

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.