Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,466,776 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 778,314 shares.The stock last traded at $71.9050 and had previously closed at $71.54.
iShares U.S. Healthcare ETF Price Performance
The firm has a market capitalization of $3.90 billion, a PE ratio of 21.05 and a beta of 0.58. The business’s 50 day moving average is $70.72 and its two-hundred day moving average is $65.82.
Institutional Trading of iShares U.S. Healthcare ETF
Several institutional investors and hedge funds have recently made changes to their positions in IYH. Hsbc Holdings PLC grew its position in iShares U.S. Healthcare ETF by 1,008.8% in the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock worth $80,561,000 after acquiring an additional 1,125,886 shares in the last quarter. Royal Bank of Canada raised its position in iShares U.S. Healthcare ETF by 7.8% during the first quarter. Royal Bank of Canada now owns 899,816 shares of the company’s stock valued at $55,466,000 after purchasing an additional 64,913 shares in the last quarter. Gerald Baker Financial Group LLC purchased a new stake in iShares U.S. Healthcare ETF during the first quarter valued at about $3,539,000. Lifestyle Asset Management Inc. bought a new stake in iShares U.S. Healthcare ETF during the fourth quarter worth about $3,294,000. Finally, The Manufacturers Life Insurance Company bought a new stake in iShares U.S. Healthcare ETF during the second quarter worth about $3,297,000.
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.
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