iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 52-Week High – Here’s What Happened

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as $58.47 and last traded at $57.0230, with a volume of 40,880 shares trading hands. The stock had previously closed at $57.17.

iShares U.S. Healthcare Providers ETF Price Performance

The business has a 50 day moving average of $56.50 and a 200 day moving average of $52.93. The company has a market cap of $1.38 billion, a PE ratio of 15.41 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IHF. Ascentis Independent Advisors purchased a new stake in shares of iShares U.S. Healthcare Providers ETF in the 1st quarter worth about $36,000. TOP Private Wealth LLC. purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the second quarter valued at about $41,000. Nalls Sherbakoff Group LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter valued at about $42,000. Western Wealth Management LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF during the first quarter valued at about $46,000. Finally, RMG Wealth Management LLC bought a new position in iShares U.S. Healthcare Providers ETF in the first quarter worth about $49,000.

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.