iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 1-Year Low – Here’s Why

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price reached a new 52-week low on Thursday . The company traded as low as $49.95 and last traded at $49.96, with a volume of 192747 shares traded. The stock had previously closed at $50.85.

iShares U.S. Healthcare Providers ETF Stock Up 0.4 %

The company has a market cap of $746.64 million, a PE ratio of 4.28 and a beta of 0.47. The stock’s 50 day simple moving average is $53.60 and its two-hundred day simple moving average is $54.44.

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

Hedge funds have recently made changes to their positions in the business. Financial Gravity Asset Management Inc. raised its stake in shares of iShares U.S. Healthcare Providers ETF by 2,953.3% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 916 shares of the company’s stock valued at $48,000 after acquiring an additional 886 shares during the period. WFA of San Diego LLC raised its stake in shares of iShares U.S. Healthcare Providers ETF by 49.3% in the 3rd quarter. WFA of San Diego LLC now owns 911 shares of the company’s stock valued at $52,000 after acquiring an additional 301 shares during the period. International Assets Investment Management LLC purchased a new position in shares of iShares U.S. Healthcare Providers ETF in the 2nd quarter valued at $56,000. Brown Brothers Harriman & Co. acquired a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter valued at $63,000. Finally, HighMark Wealth Management LLC grew its holdings in iShares U.S. Healthcare Providers ETF by 50.3% during the 2nd quarter. HighMark Wealth Management LLC now owns 1,498 shares of the company’s stock valued at $79,000 after purchasing an additional 501 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.