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

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

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

The firm has a fifty day moving average of $53.60 and a two-hundred day moving average of $54.44. The company has a market capitalization of $746.64 million, a PE ratio of 4.28 and a beta of 0.47.

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

A number of hedge funds have recently made changes to their positions in IHF. Harbour Investments Inc. raised its position in iShares U.S. Healthcare Providers ETF by 10.7% during the second quarter. Harbour Investments Inc. now owns 8,204 shares of the company’s stock valued at $430,000 after purchasing an additional 794 shares during the period. Arkadios Wealth Advisors raised its position in iShares U.S. Healthcare Providers ETF by 28.3% during the second quarter. Arkadios Wealth Advisors now owns 8,649 shares of the company’s stock valued at $453,000 after purchasing an additional 1,908 shares during the period. HighMark Wealth Management LLC raised its position in iShares U.S. Healthcare Providers ETF by 50.3% during the second 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 during the period. International Assets Investment Management LLC purchased a new stake in iShares U.S. Healthcare Providers ETF during the second quarter valued at approximately $56,000. Finally, Private Advisor Group LLC grew its stake in shares of iShares U.S. Healthcare Providers ETF by 42.8% during the second quarter. Private Advisor Group LLC now owns 13,355 shares of the company’s stock valued at $700,000 after buying an additional 4,005 shares during the last quarter.

About iShares U.S. Healthcare Providers ETF

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.