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

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw strong trading volume on Friday . 37,576 shares were traded during mid-day trading, a decline of 58% from the previous session’s volume of 90,538 shares.The stock last traded at $55.88 and had previously closed at $55.04.

iShares U.S. Healthcare Providers ETF Price Performance

The company’s 50-day simple moving average is $52.66 and its 200-day simple moving average is $52.72. The company has a market cap of $838.27 million, a price-to-earnings ratio of 4.28 and a beta of 0.47.

Institutional Trading of iShares U.S. Healthcare Providers ETF

Hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI lifted its stake in iShares U.S. Healthcare Providers ETF by 69.4% during the fourth quarter. National Bank of Canada FI now owns 244 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the last quarter. Condor Capital Management raised its stake in shares of iShares U.S. Healthcare Providers ETF by 1.1% during the fourth quarter. Condor Capital Management now owns 9,445 shares of the company’s stock valued at $2,480,000 after purchasing an additional 102 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of iShares U.S. Healthcare Providers ETF during the fourth quarter valued at about $27,000. Truist Financial Corp raised its stake in shares of iShares U.S. Healthcare Providers ETF by 1.8% during the fourth quarter. Truist Financial Corp now owns 7,749 shares of the company’s stock valued at $2,034,000 after purchasing an additional 134 shares in the last quarter. Finally, Cutler Group LLC CA raised its stake in shares of iShares U.S. Healthcare Providers ETF by 200.0% during the fourth quarter. Cutler Group LLC CA now owns 100 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter.

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.