iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 12-Month High – Still a Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.23 and last traded at $68.22, with a volume of 131179 shares traded. The stock had previously closed at $67.44.

iShares U.S. Healthcare ETF Trading Up 1.6%

The stock has a 50-day simple moving average of $62.85 and a 200 day simple moving average of $63.82. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 21.05 and a beta of 0.58.

Institutional Investors Weigh In On iShares U.S. Healthcare ETF

A number of institutional investors and hedge funds have recently modified their holdings of IYH. Simplex Trading LLC acquired a new position in iShares U.S. Healthcare ETF in the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $29,000. Investment Counsel Co. of Nevada acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $34,000. Bayban purchased a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter valued at $42,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter valued at $50,000.

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.