Kovack Advisors Inc. Reduces Stock Position in iShares U.S. Healthcare ETF $IYH

Kovack Advisors Inc. reduced its position in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 10.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,067 shares of the company’s stock after selling 1,566 shares during the period. Kovack Advisors Inc.’s holdings in iShares U.S. Healthcare ETF were worth $795,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Brown Advisory Inc. purchased a new stake in iShares U.S. Healthcare ETF in the first quarter worth about $848,000. Sequoia Financial Advisors LLC purchased a new stake in iShares U.S. Healthcare ETF in the first quarter worth about $280,000. Cerity Partners LLC lifted its holdings in iShares U.S. Healthcare ETF by 44.7% in the first quarter. Cerity Partners LLC now owns 16,590 shares of the company’s stock worth $1,010,000 after buying an additional 5,128 shares during the period. Worth Financial Advisory Group LLC lifted its holdings in iShares U.S. Healthcare ETF by 2.5% in the second quarter. Worth Financial Advisory Group LLC now owns 16,077 shares of the company’s stock worth $908,000 after buying an additional 395 shares during the period. Finally, M&T Bank Corp lifted its holdings in iShares U.S. Healthcare ETF by 17.6% in the first quarter. M&T Bank Corp now owns 5,047 shares of the company’s stock worth $307,000 after buying an additional 757 shares during the period.

iShares U.S. Healthcare ETF Price Performance

Shares of IYH opened at $60.86 on Friday. iShares U.S. Healthcare ETF has a one year low of $53.35 and a one year high of $63.72. The company has a 50-day simple moving average of $59.19 and a two-hundred day simple moving average of $57.26. The firm has a market capitalization of $2.99 billion, a PE ratio of 21.05 and a beta of 0.65.

iShares U.S. Healthcare ETF Company Profile

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).