iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sets New 1-Year High – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $53.35 and last traded at $52.84, with a volume of 327152 shares. The stock had previously closed at $53.19.

iShares U.S. Healthcare Providers ETF Trading Down 0.7%

The company’s fifty day moving average is $48.13 and its 200 day moving average is $47.22. The company has a market capitalization of $850.72 million, a P/E ratio of 15.41 and a beta of 0.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in iShares U.S. Healthcare Providers ETF by 145.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock valued at $29,000 after purchasing an additional 363 shares during the period. Strive Financial Group LLC bought a new position in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $32,000. Arax Advisory Partners bought a new position in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $35,000. WealthShield Partners LLC bought a new position in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $37,000. Finally, Nalls Sherbakoff Group LLC bought a new position in iShares U.S. Healthcare Providers ETF in the 4th quarter valued at $42,000.

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.