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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as $60.06 and last traded at $60.1050, with a volume of 86,433 shares changing hands. The stock had previously closed at $58.85.

iShares U.S. Healthcare Providers ETF Stock Performance

The company’s 50 day moving average price is $56.69 and its 200 day moving average price is $53.52. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

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

Several institutional investors have recently bought and sold shares of IHF. Tidal Investments LLC bought a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at about $20,916,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 103.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 333,171 shares of the company’s stock worth $18,434,000 after acquiring an additional 169,222 shares during the last quarter. Sather Financial Group Inc increased its position in shares of iShares U.S. Healthcare Providers ETF by 11.9% during the first quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock valued at $42,579,000 after acquiring an additional 108,457 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 2nd quarter worth $4,628,000. Finally, Royal Bank of Canada grew its stake in iShares U.S. Healthcare Providers ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock valued at $24,040,000 after acquiring an additional 78,235 shares in the last quarter.

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.