iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-high trading volume on Friday . Approximately 750,921 shares were traded during trading, an increase of 59% from the previous session’s volume of 473,648 shares.The stock last traded at $61.72 and had previously closed at $61.54.

iShares U.S. Healthcare ETF Price Performance

The business has a 50 day moving average price of $58.86 and a 200 day moving average price of $57.13. The stock has a market capitalization of $2.92 billion, a PE ratio of 21.05 and a beta of 0.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IYH. Laurel Wealth Advisors LLC grew its holdings in shares of iShares U.S. Healthcare ETF by 6,342.2% during the second quarter. Laurel Wealth Advisors LLC now owns 1,947,096 shares of the company’s stock valued at $109,972,000 after buying an additional 1,916,872 shares during the last quarter. J. Safra Sarasin Holding AG lifted its position in iShares U.S. Healthcare ETF by 104.4% in the 1st quarter. J. Safra Sarasin Holding AG now owns 339,610 shares of the company’s stock valued at $20,679,000 after acquiring an additional 173,430 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in iShares U.S. Healthcare ETF by 13.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,461,787 shares of the company’s stock valued at $89,008,000 after acquiring an additional 167,985 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in iShares U.S. Healthcare ETF by 34.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock valued at $38,402,000 after purchasing an additional 161,946 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in shares of iShares U.S. Healthcare ETF by 1,032.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 147,301 shares of the company’s stock worth $8,320,000 after purchasing an additional 134,291 shares in the last quarter.

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).