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

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.90 and last traded at $71.69, with a volume of 104100 shares. The stock had previously closed at $70.60.

iShares U.S. Healthcare ETF Stock Performance

The business’s 50 day simple moving average is $67.85 and its 200-day simple moving average is $64.68. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 21.05 and a beta of 0.57.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently bought and sold shares of IYH. Simplex Trading LLC purchased a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at about $28,000. Quadrant Capital Group LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter worth about $29,000. Investment Counsel Co. of Nevada acquired a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at about $34,000. Community Financial Services Group LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the 2nd quarter valued at about $40,000. Finally, Bayban acquired a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at about $42,000.

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.