iShares U.S. Healthcare ETF (NYSEARCA:IYH) Sees Large Volume Increase

iShares U.S. Healthcare ETF (NYSEARCA:IYH) saw unusually-strong trading volume on Thursday . Approximately 975,455 shares traded 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 Trading Up 0.2 %

The stock has a market capitalization of $3.29 billion, a PE ratio of 4.82 and a beta of 0.58. The firm has a 50-day moving average price of $60.27 and a 200-day moving average price of $57.82.

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

Large investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its holdings 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 purchasing an additional 403,631 shares during the last quarter. Raymond James & Associates lifted 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 valued at $28,937,000 after buying an additional 377,802 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings 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 buying an additional 314,107 shares during the period. Oakworth Capital Inc. grew its stake in iShares U.S. Healthcare ETF by 404.9% in the 1st quarter. Oakworth Capital Inc. now owns 392,480 shares of the company’s stock valued at $24,295,000 after buying an additional 314,745 shares in the last quarter. Finally, UBS Group AG raised its holdings in iShares U.S. Healthcare ETF by 5.0% during the 4th quarter. UBS Group AG now owns 304,294 shares of the company’s stock valued at $87,101,000 after acquiring an additional 14,471 shares during the period.

About iShares U.S. Healthcare ETF

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).