iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Still a Buy?

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw an uptick in trading volume on Tuesday . Approximately 389,127 shares traded hands during mid-day trading, a decline of 50% from the previous session’s volume of 782,599 shares.The stock last traded at $72.28 and had previously closed at $72.02.

iShares U.S. Healthcare ETF Trading Up 0.4%

The stock has a market cap of $3.65 billion, a PE ratio of 21.05 and a beta of 0.57. The business has a 50-day moving average price of $69.38 and a 200 day moving average price of $65.13.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in iShares U.S. Healthcare ETF in the 4th quarter valued at $28,000. Quadrant Capital Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter worth approximately $29,000. Investment Counsel Co. of Nevada purchased a new position in iShares U.S. Healthcare ETF in the 4th quarter worth $34,000. Continuum Advisory LLC bought a new stake in shares of iShares U.S. Healthcare ETF in the 2nd quarter valued at about $36,000. Finally, Community Financial Services Group LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the second quarter valued at approximately $40,000.

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.