iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Strong Trading Volume

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw an uptick in trading volume on Tuesday . 308,488 shares were traded during mid-day trading, an increase of 223% from the previous session’s volume of 95,452 shares.The stock last traded at $51.87 and had previously closed at $52.06.

iShares U.S. Healthcare Providers ETF Stock Down 0.4 %

The firm has a 50 day moving average price of $52.86 and a 200 day moving average price of $52.04. The stock has a market cap of $806.11 million, a P/E ratio of 4.24 and a beta of 0.52.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Meritage Portfolio Management bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the 1st quarter worth approximately $6,924,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 396.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 82,591 shares of the company’s stock worth $4,505,000 after acquiring an additional 65,964 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 389.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 81,432 shares of the company’s stock worth $4,441,000 after acquiring an additional 64,797 shares during the last quarter. Mason & Associates Inc lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 432.3% during the 1st quarter. Mason & Associates Inc now owns 76,227 shares of the company’s stock worth $4,157,000 after acquiring an additional 61,908 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter worth approximately $14,821,000.

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.