iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Strong Trading Volume – Time to Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw an uptick in trading volume on Tuesday . 4,282,691 shares were traded during trading, an increase of 349% from the previous session’s volume of 952,990 shares.The stock last traded at $65.7610 and had previously closed at $64.97.

iShares U.S. Healthcare ETF Trading Down 1.1%

The company has a market cap of $3.50 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65. The company’s 50 day moving average price is $65.53 and its 200 day moving average price is $61.33.

Institutional Trading of iShares U.S. Healthcare ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. RMG Wealth Management LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the 2nd quarter worth approximately $28,000. Financial Perspectives Inc purchased a new position in iShares U.S. Healthcare ETF during the 2nd quarter valued at about $30,000. SJS Investment Consulting Inc. acquired a new position in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth approximately $36,000. Assetmark Inc. raised its holdings in shares of iShares U.S. Healthcare ETF by 98.4% in the second quarter. Assetmark Inc. now owns 734 shares of the company’s stock worth $41,000 after acquiring an additional 364 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in iShares U.S. Healthcare ETF in the 2nd quarter valued at about $45,000.

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.