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

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw strong trading volume on Thursday. 827,572 shares changed hands during trading, an increase of 7% from the previous session’s volume of 772,316 shares. The stock last traded at $70.1150 and had previously closed at $71.30.

iShares U.S. Healthcare ETF Stock Performance

The stock has a fifty day simple moving average of $71.48 and a 200 day simple moving average of $66.53. The firm has a market cap of $4.05 billion, a P/E ratio of 21.05 and a beta of 0.56.

Institutional Investors Weigh In On iShares U.S. Healthcare ETF

Large investors have recently bought and sold shares of the business. Atlas Brown Inc. bought a new stake in shares of iShares U.S. Healthcare ETF in the third quarter worth approximately $268,000. Castle Rock Wealth Management LLC bought a new position in iShares U.S. Healthcare ETF during the third quarter valued at approximately $2,422,000. Gerald Baker Financial Group LLC grew its position in iShares U.S. Healthcare ETF by 1.2% in the 3rd quarter. Gerald Baker Financial Group LLC now owns 80,522 shares of the company’s stock worth $5,762,000 after purchasing an additional 989 shares during the period. Acropolis Investment Management LLC purchased a new position in shares of iShares U.S. Healthcare ETF in the 3rd quarter worth $648,000. Finally, First Heartland Consultants Inc. bought a new stake in shares of iShares U.S. Healthcare ETF in the third quarter worth $242,000.

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). 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.