iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Shares Gap Down – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares gapped down prior to trading on Thursday . The stock had previously closed at $53.79, but opened at $50.19. iShares U.S. Healthcare Providers ETF shares last traded at $50.29, with a volume of 105,836 shares trading hands.

iShares U.S. Healthcare Providers ETF Price Performance

The business has a fifty day moving average of $51.99 and a 200 day moving average of $52.10. The stock has a market cap of $637.29 million, a PE ratio of 20.39 and a beta of 0.77.

Institutional Trading of iShares U.S. Healthcare Providers ETF

A number of hedge funds have recently made changes to their positions in the stock. CX Institutional bought a new position in iShares U.S. Healthcare Providers ETF during the 4th quarter valued at $29,000. Runnymede Capital Advisors Inc. bought a new stake in iShares U.S. Healthcare Providers ETF in the fourth quarter valued at about $39,000. GPS Wealth Strategies Group LLC raised its stake in iShares U.S. Healthcare Providers ETF by 75.3% during the first quarter. GPS Wealth Strategies Group LLC now owns 3,083 shares of the company’s stock valued at $163,000 after buying an additional 1,324 shares in the last quarter. PCG Asset Management LLC bought a new position in iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $222,000. Finally, Independent Advisor Alliance bought a new stake in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter valued at approximately $257,000.

About iShares U.S. Healthcare Providers ETF

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.