iShares U.S. Healthcare ETF (NYSEARCA:IYH) Reaches New 52-Week High – Here’s Why

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.59 and last traded at $70.51, with a volume of 36391 shares trading hands. The stock had previously closed at $68.72.

iShares U.S. Healthcare ETF Price Performance

The company has a 50 day moving average price of $65.40 and a 200 day moving average price of $64.17. The firm has a market cap of $3.46 billion, a PE ratio of 21.05 and a beta of 0.58.

Institutional Trading of iShares U.S. Healthcare ETF

Several hedge funds have recently made changes to their positions in the company. FIL Ltd boosted its holdings in shares of iShares U.S. Healthcare ETF by 514.1% in the fourth quarter. FIL Ltd now owns 3,894,874 shares of the company’s stock valued at $254,634,000 after acquiring an additional 3,260,654 shares in the last quarter. Hsbc Holdings PLC raised its holdings in iShares U.S. Healthcare ETF by 1,008.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock worth $80,561,000 after purchasing an additional 1,125,886 shares in the last quarter. Pinkerton Wealth LLC acquired a new stake in iShares U.S. Healthcare ETF in the fourth quarter valued at about $40,091,000. Sherman Porfolios LLC acquired a new stake in iShares U.S. Healthcare ETF in the fourth quarter valued at about $17,652,000. Finally, Camarda Financial Advisors LLC purchased a new stake in iShares U.S. Healthcare ETF in the 4th quarter valued at approximately $14,556,000.

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.