iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 1-Year High – Should You Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price reached a new 52-week high on Thursday . The company traded as high as $54.15 and last traded at $54.05, with a volume of 37975 shares changing hands. The stock had previously closed at $53.50.

iShares U.S. Healthcare Providers ETF Stock Performance

The company has a market capitalization of $876.81 million, a price-to-earnings ratio of 15.41 and a beta of 0.74. The firm has a fifty day moving average price of $50.03 and a 200-day moving average price of $47.52.

Institutional Investors Weigh In On iShares U.S. Healthcare Providers ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter valued at approximately $46,000. Bank of America Corp DE boosted its position in shares of iShares U.S. Healthcare Providers ETF by 9.2% during the 1st quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock worth $16,285,000 after acquiring an additional 32,889 shares in the last quarter. Royal Bank of Canada increased its stake in iShares U.S. Healthcare Providers ETF by 15.8% in the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock valued at $24,040,000 after acquiring an additional 78,235 shares during the last quarter. Quantinno Capital Management LP bought a new position in iShares U.S. Healthcare Providers ETF in the first quarter valued at approximately $202,000. Finally, RMG Wealth Management LLC acquired a new position in iShares U.S. Healthcare Providers ETF during the first quarter valued at approximately $49,000.

iShares U.S. Healthcare Providers ETF Company Profile

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.