iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw an uptick in trading volume on Friday. Approximately 860,212 shares changed hands during trading, an increase of 7% from the average daily volume of 800,650 shares. The stock last traded at $78.0190 and had previously closed at $77.55.

iShares U.S. Healthcare ETF Stock Up 0.8%

The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 21.05 and a beta of 0.56. The business’s 50-day moving average is $72.63 and its 200-day moving average is $66.75.

Institutional Trading of iShares U.S. Healthcare ETF

Several institutional investors have recently made changes to their positions in the company. AIA Group Ltd acquired a new position in iShares U.S. Healthcare ETF during the third quarter worth about $261,449,000. Hsbc Holdings PLC raised its position in shares of iShares U.S. Healthcare ETF by 1,008.8% in the fourth quarter. Hsbc Holdings PLC now owns 1,237,489 shares of the company’s stock valued at $80,561,000 after buying an additional 1,125,886 shares during the last quarter. Oakworth Capital Inc. acquired a new position in iShares U.S. Healthcare ETF in the 3rd quarter valued at $43,645,000. Park Avenue Securities LLC purchased a new stake in iShares U.S. Healthcare ETF in the 3rd quarter valued at about $12,984,000. Finally, Ninety One SA Pty Ltd acquired a new position in iShares U.S. Healthcare ETF during the third quarter worth approximately $11,002,000.

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.