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

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-high trading volume on Thursday . Approximately 1,302,876 shares changed hands during mid-day trading, an increase of 173% from the previous session’s volume of 477,939 shares.The stock last traded at $64.9250 and had previously closed at $64.29.

iShares U.S. Healthcare ETF Stock Performance

The business has a 50 day simple moving average of $59.87 and a 200-day simple moving average of $57.56. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65.

Institutional Trading of iShares U.S. Healthcare ETF

Several institutional investors have recently made changes to their positions in IYH. Russell Investments Group Ltd. lifted its position in shares of iShares U.S. Healthcare ETF by 195.3% during the third quarter. Russell Investments Group Ltd. now owns 4,241 shares of the company’s stock valued at $249,000 after purchasing an additional 2,805 shares in the last quarter. PFG Advisors bought a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter worth $343,000. Parallel Advisors LLC increased its holdings in iShares U.S. Healthcare ETF by 18.3% during the third quarter. Parallel Advisors LLC now owns 3,546 shares of the company’s stock worth $208,000 after buying an additional 548 shares during the last quarter. Ameriflex Group Inc. boosted its stake in iShares U.S. Healthcare ETF by 186.5% in the third quarter. Ameriflex Group Inc. now owns 14,098 shares of the company’s stock valued at $828,000 after acquiring an additional 9,177 shares during the last quarter. Finally, LOM Asset Management Ltd increased its stake in shares of iShares U.S. Healthcare ETF by 7.3% during the 3rd quarter. LOM Asset Management Ltd now owns 42,775 shares of the company’s stock worth $2,512,000 after purchasing an additional 2,897 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).