Envestnet Asset Management Inc. Sells 67,224 Shares of iShares U.S. Healthcare Providers ETF $IHF

Envestnet Asset Management Inc. trimmed its holdings in shares of iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) by 30.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 152,324 shares of the company’s stock after selling 67,224 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares U.S. Healthcare Providers ETF were worth $7,523,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sather Financial Group Inc bought a new stake in iShares U.S. Healthcare Providers ETF during the 3rd quarter valued at $42,377,000. Bank of America Corp DE lifted its stake in shares of iShares U.S. Healthcare Providers ETF by 6.2% during the 2nd quarter. Bank of America Corp DE now owns 383,556 shares of the company’s stock worth $18,660,000 after purchasing an additional 22,471 shares during the last quarter. Cetera Investment Advisers boosted its position in iShares U.S. Healthcare Providers ETF by 2.6% during the second quarter. Cetera Investment Advisers now owns 128,741 shares of the company’s stock valued at $6,263,000 after purchasing an additional 3,267 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in iShares U.S. Healthcare Providers ETF by 6.3% in the first quarter. Goldman Sachs Group Inc. now owns 124,536 shares of the company’s stock valued at $6,576,000 after purchasing an additional 7,393 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in iShares U.S. Healthcare Providers ETF by 44.4% in the third quarter. Merit Financial Group LLC now owns 89,088 shares of the company’s stock valued at $4,400,000 after purchasing an additional 27,378 shares during the last quarter.

iShares U.S. Healthcare Providers ETF Stock Performance

IHF stock opened at $46.04 on Friday. The firm has a market cap of $743.55 million, a price-to-earnings ratio of 15.41 and a beta of 0.70. The firm has a 50-day simple moving average of $47.56 and a two-hundred day simple moving average of $47.94. iShares U.S. Healthcare Providers ETF has a one year low of $40.57 and a one year high of $54.93.

iShares U.S. Healthcare Providers ETF Company 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.