iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw unusually-high trading volume on Thursday. Approximately 1,559,626 shares changed hands during trading, an increase of 194% from the average daily volume of 530,615 shares. The stock last traded at $59.6090 and had previously closed at $60.56.

iShares U.S. Healthcare Providers ETF Trading Down 1.7%

The company has a market cap of $1.46 billion, a price-to-earnings ratio of 15.41 and a beta of 0.68. The firm has a 50-day moving average price of $57.44 and a 200 day moving average price of $51.80.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Several large investors have recently added to or reduced their stakes in IHF. Tidal Investments LLC acquired a new position in iShares U.S. Healthcare Providers ETF in the second quarter worth $20,916,000. Fifth Third Securities Inc. acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth $1,570,000. Sowell Financial Services LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth $1,115,000. Investment House LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth $917,000. Finally, Evanson Financial LLC acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the second quarter worth $680,000.

About iShares U.S. Healthcare Providers ETF

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.