iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Still a Buy?

by · The Markets Daily

iShares U.S. Healthcare ETF (NYSEARCA:IYH – Get Free Report) saw unusually-strong trading volume on Thursday. 1,466,776 shares traded hands during mid-day trading, an increase of 88% from the previous session’s volume of 778,314 shares. The stock last traded at $71.9050 and had previously closed at $71.54.

iShares U.S. Healthcare ETF Price Performance

The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 21.05 and a beta of 0.58. The firm has a fifty day simple moving average of $70.89 and a two-hundred day simple moving average of $65.92.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently bought and sold shares of the stock. Gerald Baker Financial Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the first quarter worth $3,539,000. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $3,297,000. McIlrath & Eck LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the first quarter valued at $490,000. Compass Financial Management LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the second quarter valued at $744,000. Finally, Sigma Planning Corp grew its holdings in shares of iShares U.S. Healthcare ETF by 115.9% during the first quarter. Sigma Planning Corp now owns 22,768 shares of the company’s stock valued at $1,403,000 after buying an additional 12,222 shares during the last quarter.

iShares U.S. Healthcare ETF Company Profile

(Get Free Report)

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.

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