HighTower Advisors LLC Cuts Stock Position in iShares U.S. Healthcare ETF $IYH

HighTower Advisors LLC decreased its holdings in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,917 shares of the company’s stock after selling 9,154 shares during the quarter. HighTower Advisors LLC owned about 0.58% of iShares U.S. Healthcare ETF worth $16,789,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC increased its holdings in shares of iShares U.S. Healthcare ETF by 6,342.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,947,096 shares of the company’s stock worth $109,972,000 after buying an additional 1,916,872 shares during the last quarter. Principal Financial Group Inc. purchased a new position in iShares U.S. Healthcare ETF in the third quarter worth about $9,855,000. Goldman Sachs Group Inc. grew its position in iShares U.S. Healthcare ETF by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 630,685 shares of the company’s stock worth $38,402,000 after acquiring an additional 161,946 shares in the last quarter. Hsbc Holdings PLC increased its stake in iShares U.S. Healthcare ETF by 488.3% during the second quarter. Hsbc Holdings PLC now owns 124,250 shares of the company’s stock worth $7,018,000 after acquiring an additional 103,129 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in iShares U.S. Healthcare ETF by 157.3% during the third quarter. Park Avenue Securities LLC now owns 161,291 shares of the company’s stock valued at $9,471,000 after purchasing an additional 98,611 shares during the period.

iShares U.S. Healthcare ETF Price Performance

NYSEARCA:IYH opened at $65.73 on Friday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 21.05 and a beta of 0.65. The business has a 50 day simple moving average of $65.54 and a 200-day simple moving average of $62.09. iShares U.S. Healthcare ETF has a 1 year low of $53.35 and a 1 year high of $67.63.

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). The Index measures the performance of the healthcare sector of the United States equity market, and includes companies in the industry groups, such as healthcare equipment and services, pharmaceuticals and biotechnology.