iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 12-Month High – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.59 and last traded at $70.51, with a volume of 36391 shares traded. The stock had previously closed at $68.72.

iShares U.S. Healthcare ETF Price Performance

The company has a market cap of $3.46 billion, a PE ratio of 21.05 and a beta of 0.58. The stock has a 50 day simple moving average of $65.40 and a two-hundred day simple moving average of $64.17.

Institutional Trading of iShares U.S. Healthcare ETF

A number of large investors have recently bought and sold shares of the business. Simplex Trading LLC acquired a new position in iShares U.S. Healthcare ETF in the fourth quarter valued at $28,000. Quadrant Capital Group LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth about $29,000. Investment Counsel Co. of Nevada purchased a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter worth about $34,000. Community Financial Services Group LLC purchased a new position in shares of iShares U.S. Healthcare ETF during the second quarter worth about $40,000. Finally, Bayban acquired a new position in iShares U.S. Healthcare ETF in the 4th quarter valued at about $42,000.

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.