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

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $65.48 and last traded at $65.4920, with a volume of 664972 shares trading hands. The stock had previously closed at $63.72.

iShares U.S. Healthcare ETF Stock Performance

The company has a market capitalization of $3.22 billion, a P/E ratio of 21.05 and a beta of 0.65. The stock has a 50 day moving average price of $60.55 and a 200 day moving average price of $57.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IYH. Laurel Wealth Advisors LLC increased its stake in shares of iShares U.S. Healthcare ETF by 6,342.2% in the second quarter. Laurel Wealth Advisors LLC now owns 1,947,096 shares of the company’s stock worth $109,972,000 after purchasing an additional 1,916,872 shares in the last quarter. J. Safra Sarasin Holding AG increased its stake 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 worth $20,679,000 after acquiring an additional 173,430 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares U.S. Healthcare ETF by 13.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,461,787 shares of the company’s stock valued at $89,008,000 after purchasing an additional 167,985 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth $9,855,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of iShares U.S. Healthcare ETF by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock worth $38,402,000 after purchasing an additional 161,946 shares in 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).