Independent Financial Group LLC Takes $1.60 Million Position in iShares U.S. Healthcare ETF $IYH

Independent Financial Group LLC acquired a new position in shares of iShares U.S. Healthcare ETF (NYSEARCA:IYH) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 26,045 shares of the company’s stock, valued at approximately $1,605,000.

Several other hedge funds have also modified their holdings of the stock. Whitener Capital Management Inc. grew its holdings in iShares U.S. Healthcare ETF by 4.2% in the fourth quarter. Whitener Capital Management Inc. now owns 4,047 shares of the company’s stock valued at $263,000 after purchasing an additional 163 shares during the period. Apexium Financial LP raised its stake in iShares U.S. Healthcare ETF by 1.2% during the third quarter. Apexium Financial LP now owns 15,085 shares of the company’s stock worth $886,000 after purchasing an additional 174 shares during the period. Sovran Advisors LLC raised its stake in iShares U.S. Healthcare ETF by 1.2% during the fourth quarter. Sovran Advisors LLC now owns 14,692 shares of the company’s stock worth $969,000 after purchasing an additional 176 shares during the period. Allworth Financial LP boosted its holdings in shares of iShares U.S. Healthcare ETF by 5.1% in the 3rd quarter. Allworth Financial LP now owns 3,660 shares of the company’s stock valued at $215,000 after purchasing an additional 179 shares during the last quarter. Finally, Guidance Point Advisors LLC boosted its holdings in shares of iShares U.S. Healthcare ETF by 4.9% in the 4th quarter. Guidance Point Advisors LLC now owns 4,174 shares of the company’s stock valued at $272,000 after purchasing an additional 195 shares during the last quarter.

iShares U.S. Healthcare ETF Price Performance

Shares of NYSEARCA IYH opened at $67.80 on Monday. The stock has a market capitalization of $3.20 billion, a PE ratio of 21.05 and a beta of 0.58. The firm has a fifty day moving average of $64.61 and a 200-day moving average of $64.08. iShares U.S. Healthcare ETF has a 52-week low of $53.94 and a 52-week high of $69.93.

iShares U.S. Healthcare ETF 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). 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.