iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 1-Year High – Still a Buy?
by Sarita Garza · The Markets DailyShares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.21 and last traded at $52.05, with a volume of 70617 shares changing hands. The stock had previously closed at $51.58.
iShares U.S. Healthcare Providers ETF Price Performance
The firm has a market cap of $837.68 million, a price-to-earnings ratio of 15.41 and a beta of 0.74. The firm’s fifty day moving average is $47.26 and its 200-day moving average is $47.07.
Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF
Several hedge funds and other institutional investors have recently bought and sold shares of IHF. Sather Financial Group Inc raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 11.9% during the first quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock valued at $42,579,000 after purchasing an additional 108,457 shares during the period. Royal Bank of Canada raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock valued at $24,040,000 after purchasing an additional 78,235 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the third quarter valued at about $24,695,000. Element Pointe Advisors LLC raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 9.6% during the first quarter. Element Pointe Advisors LLC now owns 444,622 shares of the company’s stock valued at $18,607,000 after purchasing an additional 38,996 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 9.2% during the first quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock valued at $16,285,000 after purchasing an additional 32,889 shares during the period.
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.