iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 52-Week High – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $79.20 and last traded at $78.6010, with a volume of 93,246 shares changing hands. The stock had previously closed at $77.30.

iShares U.S. Healthcare ETF Price Performance

The firm’s 50-day moving average is $72.87 and its 200 day moving average is $66.92. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 33.46 and a beta of 0.55.

Institutional Trading of iShares U.S. Healthcare ETF

Institutional investors have recently made changes to their positions in the stock. AIA Group Ltd acquired a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth $261,449,000. Oakworth Capital Inc. acquired a new position in iShares U.S. Healthcare ETF in the third quarter valued at $43,645,000. Commonwealth Equity Services LLC acquired a new position in iShares U.S. Healthcare ETF in the third quarter valued at $20,700,000. Horizon Wealth Management LLC purchased a new stake in iShares U.S. Healthcare ETF during the third quarter valued at about $15,878,000. Finally, Park Avenue Securities LLC purchased a new stake in iShares U.S. Healthcare ETF during the third quarter valued at about $12,984,000.

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.