iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 1-Year High – Should You Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high on Monday . The company traded as high as $70.81 and last traded at $70.80, with a volume of 392756 shares. The stock had previously closed at $70.00.

iShares U.S. Healthcare ETF Stock Up 1.2%

The stock’s 50-day moving average price is $66.57 and its 200-day moving average price is $64.36. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 21.05 and a beta of 0.57.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IYH. Whitener Capital Management Inc. boosted its position in iShares U.S. Healthcare ETF by 10.4% in the 2nd quarter. Whitener Capital Management Inc. now owns 4,566 shares of the company’s stock valued at $306,000 after buying an additional 432 shares during the last quarter. Community Financial Services Group LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the second quarter worth $40,000. Valeo Financial Advisors LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the second quarter valued at $207,000. Western Wealth Management LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the first quarter valued at $195,000. Finally, Parallel Advisors LLC boosted its holdings in iShares U.S. Healthcare ETF by 15.2% in the first quarter. Parallel Advisors LLC now owns 4,013 shares of the company’s stock valued at $247,000 after acquiring an additional 528 shares during the last quarter.

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.