iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) saw strong trading volume on Friday . 3,366,744 shares changed hands during trading, an increase of 313% from the previous session’s volume of 814,385 shares.The stock last traded at $64.37 and had previously closed at $63.98.
iShares U.S. Healthcare ETF Trading Up 1.5%
The firm has a market cap of $3.04 billion, a PE ratio of 21.05 and a beta of 0.59. The stock has a fifty day simple moving average of $61.72 and a two-hundred day simple moving average of $63.85.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Asempa Wealth Advisors purchased a new position in iShares U.S. Healthcare ETF during the 4th quarter valued at about $818,000. Jones Financial Companies Lllp boosted its position in shares of iShares U.S. Healthcare ETF by 26.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 132,290 shares of the company’s stock valued at $7,558,000 after acquiring an additional 27,399 shares during the last quarter. Apella Capital LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at about $1,053,000. Banque Pictet & Cie SA bought a new stake in shares of iShares U.S. Healthcare ETF during the 4th quarter valued at about $1,243,000. Finally, AE Wealth Management LLC boosted its position in shares of iShares U.S. Healthcare ETF by 9,109.8% during the 4th quarter. AE Wealth Management LLC now owns 91,914 shares of the company’s stock valued at $5,984,000 after acquiring an additional 90,916 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.
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