iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Time to Buy?
by Sarita Garza · The Markets DailyiShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 797,889 shares changed hands during trading, an increase of 49% from the previous session’s volume of 533,939 shares.The stock last traded at $66.3160 and had previously closed at $65.22.
iShares U.S. Healthcare ETF Stock Performance
The company has a fifty day moving average price of $64.59 and a two-hundred day moving average price of $60.16. The company has a market cap of $3.64 billion, a P/E ratio of 21.05 and a beta of 0.65.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. RMG Wealth Management LLC acquired a new stake in shares of iShares U.S. Healthcare ETF in the 2nd quarter valued at approximately $28,000. Financial Perspectives Inc bought a new stake in iShares U.S. Healthcare ETF during the second quarter worth $30,000. Flaharty Asset Management LLC acquired a new stake in iShares U.S. Healthcare ETF in the first quarter valued at $37,000. SJS Investment Consulting Inc. bought a new position in shares of iShares U.S. Healthcare ETF in the 3rd quarter valued at about $36,000. Finally, Assetmark Inc. grew its position in shares of iShares U.S. Healthcare ETF by 98.4% in the 2nd quarter. Assetmark Inc. now owns 734 shares of the company’s stock valued at $41,000 after acquiring an additional 364 shares during the period.
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.