iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 12-Month High – Time to Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $55.80 and last traded at $55.78, with a volume of 11093 shares traded. The stock had previously closed at $55.33.

iShares U.S. Healthcare Providers ETF Trading Up 1.9%

The company has a market capitalization of $907.88 million, a P/E ratio of 15.41 and a beta of 0.74. The business has a 50 day moving average price of $50.85 and a 200 day moving average price of $47.72.

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

Large investors have recently bought and sold shares of the company. Northland Securities Inc. acquired a new position in shares of iShares U.S. Healthcare Providers ETF in the 4th quarter valued at approximately $572,000. Jefferies Financial Group Inc. acquired a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter worth approximately $973,000. Cox Capital Mgt LLC acquired a new stake in iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $740,000. UBS Group AG lifted its stake in iShares U.S. Healthcare Providers ETF by 9.3% in the fourth quarter. UBS Group AG now owns 288,968 shares of the company’s stock valued at $13,854,000 after buying an additional 24,665 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in iShares U.S. Healthcare Providers ETF in the fourth quarter valued at approximately $2,100,000.

About iShares U.S. Healthcare Providers ETF

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.