iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Strong Trading Volume – Here’s What Happened

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) shares saw strong trading volume on Wednesday . 46,625 shares changed hands during mid-day trading, a decline of 44% from the previous session’s volume of 83,167 shares.The stock last traded at $53.28 and had previously closed at $53.25.

iShares U.S. Healthcare Providers ETF Trading Down 0.6 %

The firm has a market cap of $788.96 million, a P/E ratio of 4.28 and a beta of 0.47. The firm’s 50 day moving average is $56.69 and its two-hundred day moving average is $54.24.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IHF. 49 Wealth Management LLC grew its position in iShares U.S. Healthcare Providers ETF by 445.7% during the first quarter. 49 Wealth Management LLC now owns 187,684 shares of the company’s stock worth $10,174,000 after buying an additional 153,291 shares in the last quarter. Osaic Holdings Inc. raised its stake in iShares U.S. Healthcare Providers ETF by 398.6% in the first quarter. Osaic Holdings Inc. now owns 154,308 shares of the company’s stock valued at $8,416,000 after purchasing an additional 123,359 shares in the last quarter. Cetera Investment Advisers increased its holdings in iShares U.S. Healthcare Providers ETF by 2,269.3% in the 1st quarter. Cetera Investment Advisers now owns 125,597 shares of the company’s stock valued at $6,850,000 after buying an additional 120,296 shares during the period. Kingsview Wealth Management LLC raised its position in shares of iShares U.S. Healthcare Providers ETF by 2,686.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 118,042 shares of the company’s stock valued at $6,438,000 after buying an additional 113,805 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of iShares U.S. Healthcare Providers ETF by 587.0% during the 1st quarter. Cetera Advisors LLC now owns 106,622 shares of the company’s stock worth $5,815,000 after acquiring an additional 91,102 shares during the period.

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.