iShares U.S. Healthcare ETF (NYSEARCA:IYH) Reaches New 1-Year High – Here’s What Happened

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares hit a new 52-week high on Friday . The stock traded as high as $67.73 and last traded at $67.64, with a volume of 875837 shares traded. The stock had previously closed at $65.66.

iShares U.S. Healthcare ETF Stock Up 3.0%

The stock’s 50 day moving average price is $62.53 and its 200-day moving average price is $63.75. The stock has a market capitalization of $3.16 billion, a P/E ratio of 21.05 and a beta of 0.59.

Institutional Trading of iShares U.S. Healthcare ETF

Hedge funds have recently bought and sold shares of the stock. Simplex Trading LLC bought a new position in shares of iShares U.S. Healthcare ETF in the 4th quarter worth $28,000. Quadrant Capital Group LLC purchased a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at about $29,000. Investment Counsel Co. of Nevada bought a new position in iShares U.S. Healthcare ETF in the fourth quarter worth about $34,000. Bayban bought a new position in iShares U.S. Healthcare ETF in the fourth quarter worth about $42,000. Finally, Entrust Financial LLC purchased a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at about $50,000.

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.