iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Sees Large Volume Increase – Should You Buy?

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) saw strong trading volume on Wednesday . 46,625 shares were traded 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 Up 0.2 %

The stock has a market cap of $788.51 million, a P/E ratio of 4.28 and a beta of 0.47. The stock’s fifty day moving average price is $56.56 and its 200 day moving average price is $54.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Signet Financial Management LLC boosted its holdings in iShares U.S. Healthcare Providers ETF by 383.3% in the first quarter. Signet Financial Management LLC now owns 4,920 shares of the company’s stock valued at $268,000 after acquiring an additional 3,902 shares in the last quarter. KCM Investment Advisors LLC raised its position in iShares U.S. Healthcare Providers ETF by 400.8% in the 1st quarter. KCM Investment Advisors LLC now owns 7,437 shares of the company’s stock worth $406,000 after buying an additional 5,952 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in iShares U.S. Healthcare Providers ETF by 434.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 71,772 shares of the company’s stock valued at $3,914,000 after acquiring an additional 58,351 shares during the period. Harbour Investments Inc. boosted its holdings in shares of iShares U.S. Healthcare Providers ETF by 10.7% during the 2nd quarter. Harbour Investments Inc. now owns 8,204 shares of the company’s stock valued at $430,000 after acquiring an additional 794 shares during the last quarter. Finally, Tsfg LLC grew its stake in shares of iShares U.S. Healthcare Providers ETF by 25.0% in the first quarter. Tsfg LLC now owns 2,053 shares of the company’s stock worth $112,000 after acquiring an additional 411 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.