iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Volume Increase – Here’s What Happened
by Teresa Graham · The Cerbat GemiShares U.S. Healthcare Providers ETF (NYSEARCA:IHF – Get Free Report) saw an uptick in trading volume on Tuesday . Approximately 1,794,884 shares were traded during mid-day trading, an increase of 284% from the previous session’s volume of 467,971 shares.The stock last traded at $57.22 and had previously closed at $57.62.
iShares U.S. Healthcare Providers ETF Stock Down 0.9%
The company’s 50 day simple moving average is $56.92 and its 200-day simple moving average is $51.30. The firm has a market cap of $1.27 billion, a P/E ratio of 15.41 and a beta of 0.72.
Institutional Investors Weigh In On iShares U.S. Healthcare Providers ETF
Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in iShares U.S. Healthcare Providers ETF in the second quarter valued at approximately $20,916,000. Sather Financial Group Inc grew its stake in shares of iShares U.S. Healthcare Providers ETF by 11.9% in the first quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock valued at $42,579,000 after buying an additional 108,457 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at $4,628,000. Royal Bank of Canada raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 15.8% in the 1st quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock valued at $24,040,000 after buying an additional 78,235 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in iShares U.S. Healthcare Providers ETF by 31.8% during the 1st quarter. Bank of New York Mellon Corp now owns 250,961 shares of the company’s stock worth $10,503,000 after acquiring an additional 60,615 shares in the last quarter.
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.