iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume – Still a Buy?

iShares U.S. Healthcare ETF (NYSEARCA:IYH) shares saw unusually-high trading volume on Monday . Approximately 2,093,165 shares traded hands during trading, an increase of 160% from the previous session’s volume of 804,383 shares.The stock last traded at $67.66 and had previously closed at $67.80.

iShares U.S. Healthcare ETF Trading Up 0.6%

The stock has a market cap of $3.06 billion, a P/E ratio of 21.05 and a beta of 0.58. The business’s fifty day simple moving average is $64.86 and its 200 day simple moving average is $64.10.

Institutional Trading of iShares U.S. Healthcare ETF

Several hedge funds have recently modified their holdings of IYH. Simplex Trading LLC bought a new position in iShares U.S. Healthcare ETF in the 4th quarter valued at $28,000. Quadrant Capital Group LLC bought a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth $29,000. Investment Counsel Co. of Nevada bought a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter worth $34,000. Community Financial Services Group LLC acquired a new position in shares of iShares U.S. Healthcare ETF during the second quarter valued at $40,000. Finally, Bayban acquired a new position in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at $42,000.

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). 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.