iShares U.S. Healthcare ETF (NYSEARCA:IYH) Hits New 1-Year High at $65.78

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $65.78 and last traded at $65.78, with a volume of 19784 shares changing hands. The stock had previously closed at $65.70.

iShares U.S. Healthcare ETF Price Performance

The business has a fifty day simple moving average of $62.65 and a 200 day simple moving average of $61.23. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 4.91 and a beta of 0.56.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its position in iShares U.S. Healthcare ETF by 587.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 472,310 shares of the company’s stock worth $29,236,000 after acquiring an additional 403,631 shares during the period. Osaic Holdings Inc. grew its position in iShares U.S. Healthcare ETF by 393.0% in the first quarter. Osaic Holdings Inc. now owns 496,591 shares of the company’s stock worth $30,743,000 after acquiring an additional 395,856 shares during the period. Raymond James & Associates grew its position in iShares U.S. Healthcare ETF by 421.3% in the first quarter. Raymond James & Associates now owns 467,475 shares of the company’s stock worth $28,937,000 after acquiring an additional 377,802 shares during the period. Commonwealth Equity Services LLC grew its position in iShares U.S. Healthcare ETF by 391.2% in the first quarter. Commonwealth Equity Services LLC now owns 394,398 shares of the company’s stock worth $24,413,000 after acquiring an additional 314,107 shares during the period. Finally, Kestra Advisory Services LLC grew its position in iShares U.S. Healthcare ETF by 441.8% in the first quarter. Kestra Advisory Services LLC now owns 338,672 shares of the company’s stock worth $20,964,000 after acquiring an additional 276,162 shares during the period.

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).