iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Hits New 12-Month Low – Here’s What Happened

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF)’s stock price hit a new 52-week low on Thursday . The company traded as low as $47.40 and last traded at $47.44, with a volume of 39554 shares changing hands. The stock had previously closed at $47.96.

iShares U.S. Healthcare Providers ETF Price Performance

The firm has a market capitalization of $705.81 million, a P/E ratio of 4.28 and a beta of 0.47. The company’s 50 day moving average price is $53.19 and its 200 day moving average price is $54.38.

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

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