iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Shares Gap Down – Here’s What Happened

Shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) gapped down prior to trading on Friday . The stock had previously closed at $52.16, but opened at $50.08. iShares U.S. Healthcare Providers ETF shares last traded at $50.31, with a volume of 69,973 shares traded.

iShares U.S. Healthcare Providers ETF Trading Down 3.5 %

The stock’s 50-day simple moving average is $50.46 and its 200-day simple moving average is $53.52. The firm has a market capitalization of $750.07 million, a P/E ratio of 4.28 and a beta of 0.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter valued at approximately $29,000. Runnymede Capital Advisors Inc. bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 4th quarter valued at approximately $39,000. WFA of San Diego LLC grew its position in shares of 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 valued at $52,000 after acquiring an additional 301 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 3rd quarter valued at approximately $63,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of iShares U.S. Healthcare Providers ETF during the 3rd quarter valued at approximately $202,000.

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.