iShares U.S. Pharmaceuticals ETF (NYSEARCA:IHE) Sees Unusually-High Trading Volume – What’s Next?

iShares U.S. Pharmaceuticals ETF (NYSEARCA:IHE) shares saw unusually-high trading volume on Friday . Approximately 60,803 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 67,768 shares.The stock last traded at $66.39 and had previously closed at $65.39.

iShares U.S. Pharmaceuticals ETF Price Performance

The firm has a market cap of $574.39 million, a price-to-earnings ratio of 23.46 and a beta of 0.63. The business has a 50-day moving average of $67.55 and a 200-day moving average of $68.13.

Institutional Trading of iShares U.S. Pharmaceuticals ETF

A number of large investors have recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in shares of iShares U.S. Pharmaceuticals ETF in the fourth quarter valued at $25,000. NBC Securities Inc. acquired a new position in iShares U.S. Pharmaceuticals ETF in the 1st quarter valued at about $30,000. Arlington Trust Co LLC bought a new position in iShares U.S. Pharmaceuticals ETF in the 1st quarter valued at about $32,000. Union Bancaire Privee UBP SA acquired a new stake in iShares U.S. Pharmaceuticals ETF during the fourth quarter worth approximately $42,000. Finally, Garde Capital Inc. bought a new stake in shares of iShares U.S. Pharmaceuticals ETF during the first quarter worth approximately $46,000.

About iShares U.S. Pharmaceuticals ETF

iShares U.S. Pharmaceuticals ETF, formerly iShares Dow Jones U.S. Pharmaceuticals Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Pharmaceuticals Index (the Index). The Index measures the performance of the pharmaceuticals sector of the United States equity market, and includes pharmaceutical companies such as manufacturers of prescription or over-the-counter drugs or vaccines, but excludes producers of vitamins.