iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Shares Gap Down – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $52.16, but opened at $50.08. iShares U.S. Healthcare Providers ETF shares last traded at $50.31, with a volume of 69,973 shares trading hands.

iShares U.S. Healthcare Providers ETF Stock Down 3.3 %

The company has a market cap of $751.41 million, a price-to-earnings ratio of 4.28 and a beta of 0.47. The stock’s 50-day simple moving average is $50.46 and its 200 day simple moving average is $53.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Commerce Bank boosted its stake in shares of iShares U.S. Healthcare Providers ETF by 4.9% during the third quarter. Commerce Bank now owns 5,380 shares of the company’s stock valued at $307,000 after acquiring an additional 250 shares during the last quarter. Principal Securities Inc. raised its position in shares of iShares U.S. Healthcare Providers ETF by 3.0% in the fourth quarter. Principal Securities Inc. now owns 10,058 shares of the company’s stock valued at $483,000 after buying an additional 289 shares during the last quarter. WFA of San Diego LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 49.3% during the third quarter. WFA of San Diego LLC now owns 911 shares of the company’s stock valued at $52,000 after buying an additional 301 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of iShares U.S. Healthcare Providers ETF by 3.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,355 shares of the company’s stock worth $497,000 after purchasing an additional 378 shares during the last quarter. Finally, CX Institutional purchased a new position in iShares U.S. Healthcare Providers ETF during the fourth quarter worth approximately $29,000.

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.