iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Unusually-High Trading Volume

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw an uptick in trading volume on Thursday . 975,455 shares changed hands during trading, an increase of 202% from the previous session’s volume of 323,143 shares.The stock last traded at $59.19 and had previously closed at $59.18.

iShares U.S. Healthcare ETF Stock Down 0.1 %

The company has a market cap of $3.28 billion, a PE ratio of 4.82 and a beta of 0.58. The stock’s 50 day moving average is $60.32 and its 200-day moving average is $57.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its position in iShares U.S. Healthcare ETF by 587.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 472,310 shares of the company’s stock valued at $29,236,000 after acquiring an additional 403,631 shares during the last quarter. Raymond James & Associates boosted its stake in shares of iShares U.S. Healthcare ETF by 421.3% during the 1st quarter. Raymond James & Associates now owns 467,475 shares of the company’s stock worth $28,937,000 after purchasing an additional 377,802 shares during the period. Oakworth Capital Inc. grew its holdings in iShares U.S. Healthcare ETF by 404.9% during the 1st quarter. Oakworth Capital Inc. now owns 392,480 shares of the company’s stock valued at $24,295,000 after purchasing an additional 314,745 shares during the last quarter. Commonwealth Equity Services LLC raised its position in iShares U.S. Healthcare ETF by 391.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 394,398 shares of the company’s stock worth $24,413,000 after purchasing an additional 314,107 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in iShares U.S. Healthcare ETF in the 4th quarter worth about $42,866,000.

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).