iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 12-Month High at $62.18

Shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) reached a new 52-week high during trading on Thursday . The company traded as high as $62.18 and last traded at $62.08, with a volume of 153503 shares. The stock had previously closed at $61.90.

iShares U.S. Healthcare ETF Price Performance

The stock has a market capitalization of $702.57 million, a price-to-earnings ratio of 21.09 and a beta of 0.71. The firm has a fifty day moving average of $60.47 and a 200-day moving average of $57.01.

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

Hedge funds have recently made changes to their positions in the business. Cedar Wealth Management LLC grew its position in iShares U.S. Healthcare ETF by 1,100.0% in the third quarter. Cedar Wealth Management LLC now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 88 shares in the last quarter. Carolinas Wealth Consulting LLC purchased a new position in iShares U.S. Healthcare ETF in the 1st quarter valued at about $30,000. Compass Wealth Management LLC acquired a new stake in shares of iShares U.S. Healthcare ETF during the fourth quarter valued at about $33,000. Tidemark LLC bought a new stake in shares of iShares U.S. Healthcare ETF in the 4th quarter valued at approximately $40,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in iShares U.S. Healthcare ETF in the third quarter worth $43,000.

iShares U.S. Healthcare ETF Company Profile

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index).