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

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-strong trading volume on Monday . Approximately 1,527,647 shares traded hands during mid-day trading, an increase of 205% from the previous session’s volume of 501,270 shares.The stock last traded at $65.7250 and had previously closed at $66.38.

iShares U.S. Healthcare ETF Stock Up 0.7%

The stock has a market cap of $3.23 billion, a P/E ratio of 21.05 and a beta of 0.65. The company has a 50-day simple moving average of $62.02 and a two-hundred day simple moving average of $58.48.

Hedge Funds Weigh In On iShares U.S. Healthcare ETF

A number of hedge funds have recently modified their holdings of the company. RMG Wealth Management LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the 2nd quarter valued at approximately $28,000. Financial Perspectives Inc purchased a new position in iShares U.S. Healthcare ETF during the second quarter valued at $30,000. SJS Investment Consulting Inc. purchased a new position in iShares U.S. Healthcare ETF during the third quarter valued at $36,000. Flaharty Asset Management LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the 1st quarter valued at $37,000. Finally, Assetmark Inc. grew its position in shares of iShares U.S. Healthcare ETF by 98.4% in the 2nd quarter. Assetmark Inc. now owns 734 shares of the company’s stock worth $41,000 after buying an additional 364 shares during the period.

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).