iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 1-Year High – Still a Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) hit a new 52-week high on Friday . The stock traded as high as $52.21 and last traded at $52.05, with a volume of 70617 shares changing hands. The stock had previously closed at $51.58.

iShares U.S. Healthcare Providers ETF Price Performance

The firm’s fifty day moving average price is $47.26 and its two-hundred day moving average price is $47.07. The stock has a market cap of $837.68 million, a price-to-earnings ratio of 15.41 and a beta of 0.74.

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

Several institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its position in shares of iShares U.S. Healthcare Providers ETF by 145.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 613 shares of the company’s stock worth $29,000 after acquiring an additional 363 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth about $32,000. Arax Advisory Partners bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth about $35,000. Ascentis Independent Advisors bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the first quarter worth about $36,000. Finally, WealthShield Partners LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter worth about $37,000.

iShares U.S. Healthcare Providers ETF Company Profile

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.