iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Strong Trading Volume – Here’s Why

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYHGet Free Report) saw unusually-strong trading volume on Monday . Approximately 819,702 shares were traded during trading, an increase of 66% from the previous session’s volume of 492,771 shares.The stock last traded at $65.6530 and had previously closed at $65.08.

iShares U.S. Healthcare ETF Stock Up 0.5%

The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65. The company has a 50-day moving average price of $60.69 and a 200-day moving average price of $57.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IYH. CIBC Bancorp USA Inc. acquired a new position in shares of iShares U.S. Healthcare ETF during the third quarter valued at $615,000. PCG Asset Management LLC bought a new position in iShares U.S. Healthcare ETF in the 3rd quarter valued at about $206,000. Apexium Financial LP increased its stake in iShares U.S. Healthcare ETF by 1.2% during the 3rd quarter. Apexium Financial LP now owns 15,085 shares of the company’s stock valued at $886,000 after buying an additional 174 shares during the period. Harvest Investment Services LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth about $201,000. Finally, Keystone Financial Group bought a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth about $101,000.

iShares U.S. Healthcare ETF Company Profile

(Get Free Report)

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).

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