iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 12-Month Low – Should You Sell?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) hit a new 52-week low on Thursday . The stock traded as low as $53.83 and last traded at $57.82, with a volume of 827684 shares. The stock had previously closed at $55.30.

iShares U.S. Healthcare ETF Stock Up 4.6 %

The business has a fifty day simple moving average of $60.82 and a 200 day simple moving average of $61.26. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 29.33 and a beta of 0.69.

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

Several large investors have recently added to or reduced their stakes in IYH. Allianz SE acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $29,000. Park Square Financial Group LLC acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $29,000. Murphy & Mullick Capital Management Corp acquired a new stake in iShares U.S. Healthcare ETF during the 4th quarter valued at approximately $30,000. Finally, Cape Investment Advisory Inc. acquired a new position in shares of iShares U.S. Healthcare ETF in the 4th quarter worth approximately $30,000.

iShares U.S. Healthcare ETF Company Profile

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).