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

iShares U.S. Healthcare ETF (NYSEARCA:IYHGet Free Report) shares saw an uptick in trading volume on Thursday . 532,280 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 279,952 shares.The stock last traded at $57.59 and had previously closed at $57.90.

iShares U.S. Healthcare ETF Stock Up 1.3 %

The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 4.91 and a beta of 0.56. The company’s 50 day moving average is $61.72 and its 200 day moving average is $62.80.

Hedge Funds Weigh In On iShares U.S. Healthcare ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IYH. Capital Performance Advisors LLP bought a new position in shares of iShares U.S. Healthcare ETF in the 3rd quarter worth approximately $32,000. Truvestments Capital LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the 3rd quarter valued at $32,000. Larson Financial Group LLC grew its position in shares of iShares U.S. Healthcare ETF by 1,279.1% in the 2nd quarter. Larson Financial Group LLC now owns 593 shares of the company’s stock worth $36,000 after buying an additional 550 shares during the period. Rothschild Investment LLC bought a new position in shares of iShares U.S. Healthcare ETF in the 2nd quarter worth about $41,000. Finally, Beacon Capital Management LLC lifted its position in iShares U.S. Healthcare ETF by 281.7% during the 2nd quarter. Beacon Capital Management LLC now owns 687 shares of the company’s stock valued at $42,000 after acquiring an additional 507 shares during the period.

About iShares U.S. Healthcare ETF

(Get Free Report)

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).

Further Reading

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