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

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.90 and last traded at $71.69, with a volume of 104100 shares traded. The stock had previously closed at $70.60.

iShares U.S. Healthcare ETF Stock Performance

The company has a fifty day simple moving average of $67.51 and a 200 day simple moving average of $64.56. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 21.05 and a beta of 0.57.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new position in shares of iShares U.S. Healthcare ETF in the fourth 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 bought a new position in iShares U.S. Healthcare ETF during the 4th quarter worth approximately $34,000. Community Financial Services Group LLC bought a new position in iShares U.S. Healthcare ETF during the 2nd quarter worth approximately $40,000. Finally, Bayban acquired a new position in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $42,000.

iShares U.S. Healthcare ETF Company Profile

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.