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

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s stock price reached a new 52-week high on Friday . The stock traded as high as $65.48 and last traded at $65.4920, with a volume of 664972 shares. The stock had previously closed at $63.72.

iShares U.S. Healthcare ETF Stock Up 2.7%

The company has a 50 day moving average price of $60.55 and a 200-day moving average price of $57.82. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65.

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

A number of hedge funds have recently made changes to their positions in IYH. Worth Financial Advisory Group LLC raised its stake in iShares U.S. Healthcare ETF by 2.5% during the second quarter. Worth Financial Advisory Group LLC now owns 16,077 shares of the company’s stock worth $908,000 after buying an additional 395 shares during the last quarter. Consolidated Capital Management LLC raised its position in shares of iShares U.S. Healthcare ETF by 2.7% during the second quarter. Consolidated Capital Management LLC now owns 265,096 shares of the company’s stock worth $14,973,000 after purchasing an additional 7,010 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of iShares U.S. Healthcare ETF by 4.5% in the first quarter. Kestra Private Wealth Services LLC now owns 14,988 shares of the company’s stock valued at $913,000 after buying an additional 639 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in iShares U.S. Healthcare ETF by 9.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,041 shares of the company’s stock valued at $2,036,000 after acquiring an additional 3,061 shares in the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of iShares U.S. Healthcare ETF by 11.5% in the first quarter. HB Wealth Management LLC now owns 5,226 shares of the company’s stock valued at $318,000 after purchasing an additional 541 shares in the last quarter.

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).