iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase – Here’s What Happened

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw strong trading volume on Monday . 1,527,647 shares were traded during mid-day trading, an increase of 205% from the previous session’s volume of 501,270 shares.The stock last traded at $65.7250 and had previously closed at $66.38.

iShares U.S. Healthcare ETF Stock Performance

The firm’s 50 day moving average is $61.55 and its 200-day moving average is $58.28. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IYH. RMG Wealth Management LLC acquired a new position in iShares U.S. Healthcare ETF in the 2nd quarter valued at $28,000. Financial Perspectives Inc bought a new position in iShares U.S. Healthcare ETF in the second quarter worth approximately $30,000. SJS Investment Consulting Inc. acquired a new stake in shares of iShares U.S. Healthcare ETF in the 3rd quarter worth about $36,000. Flaharty Asset Management LLC bought a new stake in shares of iShares U.S. Healthcare ETF in the 1st quarter worth $37,000. Finally, Assetmark Inc. increased its stake in iShares U.S. Healthcare ETF by 98.4% in the 2nd quarter. Assetmark Inc. now owns 734 shares of the company’s stock valued at $41,000 after buying an additional 364 shares during the last quarter.

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).