iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sets New 52-Week Low – Should You Sell?

iShares U.S. Healthcare ETF (NYSEARCA:IYH)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $57.23 and last traded at $57.14, with a volume of 316325 shares traded. The stock had previously closed at $59.57.

iShares U.S. Healthcare ETF Trading Down 5.5 %

The business has a 50-day moving average of $61.47 and a 200 day moving average of $61.65. The firm has a market capitalization of $2.96 billion, a PE ratio of 29.33 and a beta of 0.69.

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

Several large investors have recently made changes to their positions in IYH. Quantinno Capital Management LP boosted its stake in iShares U.S. Healthcare ETF by 1.5% in the third quarter. Quantinno Capital Management LP now owns 11,482 shares of the company’s stock valued at $746,000 after acquiring an additional 175 shares during the last quarter. Arbor Investment Advisors LLC increased its position in iShares U.S. Healthcare ETF by 4.5% in the fourth quarter. Arbor Investment Advisors LLC now owns 4,264 shares of the company’s stock worth $248,000 after buying an additional 185 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of iShares U.S. Healthcare ETF by 5.2% in the third quarter. IHT Wealth Management LLC now owns 4,149 shares of the company’s stock valued at $270,000 after buying an additional 205 shares during the period. Laidlaw Wealth Management LLC lifted its position in shares of iShares U.S. Healthcare ETF by 2.7% during the 4th quarter. Laidlaw Wealth Management LLC now owns 8,148 shares of the company’s stock valued at $475,000 after buying an additional 215 shares during the last quarter. Finally, Shira Ridge Wealth Management grew its stake in shares of iShares U.S. Healthcare ETF by 1.8% during the 4th quarter. Shira Ridge Wealth Management now owns 12,187 shares of the company’s stock worth $710,000 after acquiring an additional 220 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).