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

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week high on Tuesday . The company traded as high as $71.90 and last traded at $71.69, with a volume of 104100 shares traded. The stock had previously closed at $70.60.

iShares U.S. Healthcare ETF Stock Performance

The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 21.05 and a beta of 0.57. The business has a fifty day simple moving average of $67.51 and a 200-day simple moving average of $64.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Simplex Trading LLC acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC bought a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at $29,000. Investment Counsel Co. of Nevada bought a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at $34,000. Community Financial Services Group LLC bought a new position in shares of iShares U.S. Healthcare ETF during the second quarter valued at $40,000. Finally, Bayban acquired a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter worth $42,000.

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.