iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 52-Week High – Still a Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high on Thursday . The company traded as high as $58.30 and last traded at $57.88, with a volume of 86013 shares changing hands. The stock had previously closed at $56.52.

iShares U.S. Healthcare Providers ETF Stock Up 0.8%

The stock has a market cap of $1.20 billion, a P/E ratio of 15.41 and a beta of 0.72. The business has a 50-day simple moving average of $53.02 and a 200-day simple moving average of $48.41.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Several large investors have recently modified their holdings of IHF. O Shaughnessy Asset Management LLC raised its holdings in iShares U.S. Healthcare Providers ETF by 145.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 363 shares during the period. Strive Financial Group LLC acquired a new position in iShares U.S. Healthcare Providers ETF during the 4th quarter worth $32,000. Arax Advisory Partners bought a new stake in iShares U.S. Healthcare Providers ETF during the fourth quarter valued at about $35,000. Ascentis Independent Advisors bought a new stake in iShares U.S. Healthcare Providers ETF during the first quarter valued at about $36,000. Finally, WealthShield Partners LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF in the fourth quarter valued at about $37,000.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.