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

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw strong trading volume on Friday. Approximately 614,797 shares were traded during trading, a decline of 22% from the previous session’s volume of 789,866 shares. The stock last traded at $74.7480 and had previously closed at $74.49.

iShares U.S. Healthcare ETF Price Performance

The company has a market capitalization of $4.31 billion, a P/E ratio of 21.05 and a beta of 0.56. The company has a fifty day moving average price of $71.82 and a 200 day moving average price of $66.92.

Institutional Investors Weigh In On iShares U.S. Healthcare ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sax Wealth Advisors LLC increased its holdings in shares of iShares U.S. Healthcare ETF by 4.7% during the third quarter. Sax Wealth Advisors LLC now owns 6,804 shares of the company’s stock worth $487,000 after buying an additional 307 shares in the last quarter. HB Wealth Management LLC lifted its stake in shares of iShares U.S. Healthcare ETF by 5.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,634 shares of the company’s stock valued at $378,000 after acquiring an additional 316 shares during the last quarter. Laurel Oak Wealth Management LLC boosted its holdings in shares of iShares U.S. Healthcare ETF by 2.8% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 12,641 shares of the company’s stock valued at $779,000 after acquiring an additional 340 shares in the last quarter. Merkkuri Wealth Advisors LLC boosted its holdings in shares of iShares U.S. Healthcare ETF by 1.9% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 18,310 shares of the company’s stock valued at $1,129,000 after acquiring an additional 347 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of iShares U.S. Healthcare ETF by 37.4% during the 1st quarter. CENTRAL TRUST Co now owns 1,285 shares of the company’s stock valued at $79,000 after acquiring an additional 350 shares in the last quarter.

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). 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.