Element Pointe Advisors LLC Boosts Position in iShares U.S. Healthcare Providers ETF $IHF

Element Pointe Advisors LLC lifted its stake in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 9.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 444,622 shares of the company’s stock after buying an additional 38,996 shares during the period. iShares U.S. Healthcare Providers ETF accounts for about 3.5% of Element Pointe Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Element Pointe Advisors LLC’s holdings in iShares U.S. Healthcare Providers ETF were worth $18,607,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in iShares U.S. Healthcare Providers ETF by 31.8% during the first quarter. Bank of New York Mellon Corp now owns 250,961 shares of the company’s stock worth $10,503,000 after acquiring an additional 60,615 shares in the last quarter. IMC Chicago LLC bought a new stake in iShares U.S. Healthcare Providers ETF in the first quarter valued at $347,000. Fifth Third Bancorp acquired a new position in shares of iShares U.S. Healthcare Providers ETF during the first quarter valued at about $150,000. Kestra Advisory Services LLC boosted its position in shares of iShares U.S. Healthcare Providers ETF by 21.6% during the 1st quarter. Kestra Advisory Services LLC now owns 31,121 shares of the company’s stock worth $1,302,000 after purchasing an additional 5,519 shares in the last quarter. Finally, Sather Financial Group Inc grew its stake in shares of iShares U.S. Healthcare Providers ETF by 11.9% in the 1st quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock valued at $42,579,000 after buying an additional 108,457 shares during the period.

iShares U.S. Healthcare Providers ETF Price Performance

Shares of iShares U.S. Healthcare Providers ETF stock opened at $56.46 on Tuesday. The business has a 50-day simple moving average of $53.43 and a 200 day simple moving average of $48.59. iShares U.S. Healthcare Providers ETF has a one year low of $40.57 and a one year high of $58.30. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72.

iShares U.S. Healthcare Providers ETF Profile

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.