iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Time to Buy?
by Teresa Graham · The Cerbat GemiShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 797,889 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 533,939 shares.The stock last traded at $66.3160 and had previously closed at $65.22.
iShares U.S. Healthcare ETF Price Performance
The firm has a fifty day moving average price of $64.23 and a 200 day moving average price of $59.98. The firm has a market capitalization of $3.64 billion, a PE ratio of 21.05 and a beta of 0.65.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the 2nd quarter valued at $28,000. Financial Perspectives Inc acquired a new stake in iShares U.S. Healthcare ETF during the second quarter valued at $30,000. Flaharty Asset Management LLC purchased a new position in iShares U.S. Healthcare ETF in the first quarter valued at about $37,000. SJS Investment Consulting Inc. purchased a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth about $36,000. Finally, Assetmark Inc. lifted its holdings in shares of iShares U.S. Healthcare ETF by 98.4% during the 2nd quarter. Assetmark Inc. now owns 734 shares of the company’s stock valued at $41,000 after buying an additional 364 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.