iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Strong Trading Volume – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw unusually-strong trading volume on Monday . Approximately 819,702 shares traded hands during trading, an increase of 66% from the previous session’s volume of 492,771 shares.The stock last traded at $65.6530 and had previously closed at $65.08.

iShares U.S. Healthcare ETF Price Performance

The stock’s fifty day simple moving average is $60.69 and its 200-day simple moving average is $57.90. The stock has a market cap of $3.22 billion, a P/E ratio of 21.05 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IYH. Laurel Wealth Advisors LLC increased its position in iShares U.S. Healthcare ETF by 6,342.2% in the second quarter. Laurel Wealth Advisors LLC now owns 1,947,096 shares of the company’s stock worth $109,972,000 after buying an additional 1,916,872 shares during the period. J. Safra Sarasin Holding AG grew its position in shares of iShares U.S. Healthcare ETF by 104.4% during the first quarter. J. Safra Sarasin Holding AG now owns 339,610 shares of the company’s stock worth $20,679,000 after acquiring an additional 173,430 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares U.S. Healthcare ETF by 13.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,461,787 shares of the company’s stock worth $89,008,000 after acquiring an additional 167,985 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of iShares U.S. Healthcare ETF in the 3rd quarter worth about $9,855,000. Finally, Goldman Sachs Group Inc. lifted its position in iShares U.S. Healthcare ETF by 34.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock valued at $38,402,000 after purchasing an additional 161,946 shares during 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).